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.
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.
2024 401k Contribution Limits For Roth Contributions Images References :
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