401k 2024 Tax Year Limit 2024 . Looking at the specifics of your situation, you might want to adjust your strategy. Any contributions are for a given tax year, ending december 31st.
To keep in line with inflation, the irs has raised income thresholds for all tax brackets and increased the standard deduction. For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023.
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