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2024 401k Contribution Limits For Roth Contributions

2024 401k Contribution Limits For Roth Contributions. $6,500 plus an additional $1,000 for employees age 50 or older in 2023; The limits were $23,000 and $30,000 respectively in 2024.


2024 401k Contribution Limits For Roth Contributions

If you have a traditional 401 (k), your contributions will reduce your taxable income for the year. This means the total contribution can reach as much as $31,000.

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