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Contribution Limits 2024

June 24th, 2023 at 01:08 pm

I was wondering last night if the Finance Buff had released their 2024 predictions on contribution limits for various retirement & tax advantaged plans. It is usually released in June. Sure enough when I looked this morning they had released them last week. Again, these are just projections.

There is a lot to look at, but for me being under 50 with no HSA, I focus on the 401k & IRA contribution limits. The FB projects that both will rise by $500 next year for $23,000 and $7,000. I did glance & see that they did not predict an increase in the catch-up contribution limits. 

https://thefinancebuff.com/401k-403b-ira-contribution-limits.html#:~:text=in%20these%20limits.-,2023%202024%20Traditional%20and%20Roth%20IRA%20Contribution%20Limit,same%20at%20%241%2C000%20in%202024.

 

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