2024 401k Catch Up Contribution Limits In Gujarat. The 401(k) compensation limit is $345,000. If you are 50 or older, you can defer paying income tax on $30,000 in your 401(k) plan.
โ starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. The limit on employer and employee contributions is $69,000.
