Contribution Limits 2024 401k In India. There have been a number of annual limits announced for 2024, from health savings account contributions to the social security wage cap, but employers are still waiting for one important figure:. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.

This increase allows you to save even more for your retirement. Total contributions to a solo 401 (k) cannot exceed $69,000 or $76,500 for those at least aged 50.