For tax year 2024, the contribution limits for 401(k), IRA and HSA plans have been adjusted.
401(k)
- Increased to $23,000
- Catch-up Contributions (taxpayers over age 50) is $7,500
- Click here for further information
IRA
- Increased to $7,000 (traditional and Roth combined)
- Catch-up Contributions (taxpayers over age 50) is $1,000
- Click here for further information
HSA
- Increased to $4,150 for Self-Only Coverage
- Increased to $8,300 for Family Coverage
- Click here for more information