The limit on total employer and employee contributions for 2023. This generation includes many retirement investors age 50 and over who.
In 2023, this rises to $22,500. This generation includes many retirement investors age 50 and over who.
Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.
In 2024, you’re able to contribute.
The limit on employer and employee contributions is $69,000.
Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.
