401k Eligible Compensation Limit 2024 . But if you are age 50 or older, you can take. 401 (a) (17) and 408 (k) (3) (c) compensation will rise to $340,000 from $330,000 in 2023.
The annual limit on compensation that can be taken into account for contributions and deductions increased to $345,000 in 2024 (up from $330,000 in 2023). 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.
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