2024 401k Max Contribution In India. — workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in 2023. In this piece, we’ll review the 401(k) contribution limits for 2023 and 2024.
Set by the internal revenue service (irs), this limit undergoes periodic adjustments to account for inflation and changes in the cost of living. — the 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.
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