Americans Can Stick More Cash in Their 401(k)s Next Year, Thanks to Inflation

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WASHINGTON—Most workers will be able to put up to $23,000 into their 401(k)s and similar workplace retirement plans in 2024, up $500 from this year, the IRS said Wednesday. 

The tax agency announced the inflation-adjusted limits for retirement plans, following formulas set out in the law. 

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