The 2024 401(k) and Simple IRA Contribution limits were announced last week and are as listed below;
Any 2024 401(k) and Simple IRA communications should be updated as well confirming the payroll system will have the appropriate limits set up in the system for 2024. To see more details; go to; 401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000 | Internal Revenue Service (irs.gov)
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