Contribution Limits 2024 401k . The combined limit for employee and employer contributions is $69,000. If you have a traditional 401 (k), your contributions will reduce your taxable income for the year.
Employees can invest more money into 401(k) plans in 2025, with contribution limits increasing from $23,000 in 2024 to $23,500 in 2025. The irs limits how much employees and employers can contribute to a 401 (k) each year.
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