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irs_notes [2023/11/06 15:26] – adminirs_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.   * IRS has raised the contribution limit for 401(k) and related plans to \$23,000 for 2024, up from \$22,500 in 2023.
     * https://www.barrons.com/amp/articles/401k-ira-retirement-contribution-limits-irs-31ceeacf     * https://www.barrons.com/amp/articles/401k-ira-retirement-contribution-limits-irs-31ceeacf
 +    * https://www.irs.gov/newsroom/401k-limit-increases-to-23000-for-2024-ira-limit-rises-to-7000
   * 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://www.irs.gov/newsroom/irs-announces-401k-limit-increases-to-20500     * https://www.irs.gov/newsroom/irs-announces-401k-limit-increases-to-20500
 +
 +==== 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.1699284409.txt.gz · Last modified: 2023/11/06 15:26 by admin