Truda Rozamond

401k Contributions 2024 Catch Up Date India. Those 50 and older can contribute an additional $7,500. If you are 50 or older, you can defer paying income tax on $30,000 in your 401 (k) plan.

For 2024, the employee contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023. 401 (k) (other than a simple 401 (k))