Did 401k Contribution Limits Change For 2024
The union budget for the year 2024 announced a significant increase in the deduction allowed on employers' contributions to employees' nps. 401(k) contribution limits for 2024 since the inflation rate is relatively high, the 401(k) contribution limit’s bump from 2023 to 2024 is larger than what we’re used to seeing.
Retirement limits, tax brackets and more. The 401 (k) contribution limit for 2024 is $23,000.
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