Fidelity Retirement Contribution Limits 2024. The income tax department provides additional tax relief to senior citizens aged 60 and above who report income in a financial year. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
In 2023, this rises to $22,500. The irs released the retirement contribution limits for 2024 1 and we are breaking it down for you.
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