IRS Hikes Limits for 6 Types of Retirement Accounts for 2024

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Many savers hoping to be able to sock away more money in retirement accounts in 2024 than they could in 2023 are in luck. Most contribution limits for tax-advantaged retirement accounts are subject to inflation adjustments, also known as cost-of-living adjustments. And for the 2024 tax year, the IRS has announced that these limits will jump for six different types of retirement accounts — five…

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Karla Bowsher

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