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401k 2024 Limits Formula

401k 2024 Limits Formula. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023; You can take advantage of the.


401k 2024 Limits Formula

 โ€” starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs. Employers can only use the first $345,000 of compensation to determine your 401 (k).

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