Irs Highly Compensated Employee 2024. 401 (k) pretax limit increases to $23,000. Some employees’ compensation will exceed the annual compensation limit this year.


Irs Highly Compensated Employee 2024

The employee contribution limit for simple iras and simple 401(k) plans is increased to $16,000, up from $15,500. Owners must also hold over 5% of their capital or stock, and earners who earn more than $155,000 in 2024.

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