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IRS announces 2024 retirement account contribution limits: $23,000 for 401(k) plans, $7,000 for IRAs
Finance

IRS announces 2024 retirement account contribution limits: $23,000 for 401(k) plans, $7,000 for IRAs

November 1, 2023 admin-dominor

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The IRS has increased the 401(k) plan contribution limits for 2024, allowing employees to defer up to $23,000 into workplace plans, up from $22,500 in 2023.

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