2024 Max 401k Deduction In India . New updates to the 2023 and 2024 401k contribution limits. Extending tax exemption for pension and annuity plans.
For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. That limit also applies to 457, 403(b) and the federal government’s.
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