2024 Max 401k Contribution Limits In India

2024 Max 401k Contribution Limits In India. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older.

Contribution limits for 401(k)s, 403(b)s, most 457 plans, thrift savings plans (tsps), and other qualified retirement plans rise were $23,000 for 2024, rising from $22,500 for 2023. This limit includes all elective employee salary deferrals and any contributions made to a designated roth.