2024 401k Catch Up Contribution Limits In India . If you are 50 or older, you can defer paying income tax on $30,000 in your 401 (k) plan. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).
Although the official announcement hasn’t been made yet, many analysts predict that the 2024 401 (k) contribution limit will jump $500 to $23,000, from the $22,500 limit in 2023. Learn more about changes to 401(k) and roth ira contribution limits.
2024 401k Catch Up Contribution Limits In India Images References :
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