401k 2024 Limit Irs . The limit on employer and employee contributions is $69,000. Withdrawals made before 59 1/2 years may incur a 10% early withdrawal tax penalty, in addition to federal income.
For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to. The 401(k) contribution limit is $23,000.
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