What Is The Max 401k Contribution For 2024 In India

What Is The Max 401k Contribution For 2024 In India. The increase applies to other retirement savings accounts, including. Beginning in 2024, workers will be allowed to contribute up to $23,000 to their 401 (k), an increase of $500 from this year.

Those 50 and older can contribute an additional $7,500.  — the 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax penalties.