Simple Limit For 2024 . The new contribution limit, effective from january 1, 2024, applies to 401(k) plans, along with 403(b) plans, most 457 plans, and the thrift savings plan for federal employees. In fact, it may be required for.
In 2025, that limit is $16,500. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older.
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