New IRS limits 2024

[PlayinwithFIRE]

https://www.irs.gov/newsroom/irs-pr...axpayers and married,amount for tax year 2023

 

[Gumby]

I have started a new "trigger" income thread for 2024 here: https://www.early-retirement.org/fo...-trigger-income-levels-for-2024-a-119878.html

 

[Kork13]

The retirement account contribution limits weren't on there ... but here's the 2024 limits.

Bottom line:
- 401k/403b/457/TSP annual contribution limits go up $500 to $23,000 (catch-up contribution limits remain an additional $7,500)
- IRA annual contribution limits go up $500 to $7,000 (catch-up contribution limits remain an additional $1,000)

 

[DrRoy]

Indexing the tax levels does help.