Shrm 2024 Irs Limits

Shrm 2024 Irs Limits. The dollar limitations for retirement plans and certain other dollar limitations. The employee contribution limit for 401 (k) plans in 2024 has increased to $23,000, up from $22,500 for 2023.


Shrm 2024 Irs Limits

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. Exemption amounts phase out beginning with alternative minimum taxable income over $1,218,700 (married/filing jointly) and $609,350 (single.

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