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IRS New Release: IR-2023-203: 401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000

  • Published on Nov 10, 2023
  • by TXCPA Houston

WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023.

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