401k Contributions 2024 Catch Up In India

401k Contributions 2024 Catch Up In India. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.

This means you will not get the tax benefit. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.