401k Limit 2024 Combined . What is the 401(k) contribution limit in 2024? Social security and supplemental security income (ssi) benefits for more than 71 million americans will increase 3.2 percent in 2024, the social security administration.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government’s thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.
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