Day: June 11, 2024

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2024 401k Contribution Limits 2024 Irs. These amounts apply to each plan, allowing you to contribute the. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023; Those 50 and older can contribute an additional $7,500. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.