401k Max Contribution 2024 Catch-Up In India

401k Max Contribution 2024 Catch-Up In India. The 401(k) employee contribution limit for 2024 is $23,000. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

If you are 50 or older, you can defer paying income tax on $30,000 in your 401(k) plan. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.