irs_notes
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irs_notes [2021/11/06 23:37] – admin | irs_notes [2024/01/03 15:49] (current) – raju | ||
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+ | * IRS has raised the contribution limit for 401(k) and related plans to \$23,000 for 2024, up from \$22,500 in 2023. | ||
+ | * https:// | ||
+ | * https:// | ||
* Individuals can now contribute \$20,500 to their 401(k) plans in 2022. This limit used to be \$19,500 in 2020 and 2021. The announcement was made on 2021-11-04. | * Individuals can now contribute \$20,500 to their 401(k) plans in 2022. This limit used to be \$19,500 in 2020 and 2021. The announcement was made on 2021-11-04. | ||
* https:// | * https:// | ||
+ | |||
+ | ==== commuter benefits limits ==== | ||
+ | The following limits are effective as of January 1, 2024: | ||
+ | * The 2024 pretax contribution limit for transit is $315 per month. | ||
+ | * The 2024 pretax contribution limit for parking is $315 per month. | ||
+ |
irs_notes.1636241828.txt.gz · Last modified: 2021/11/06 23:37 by admin