2024 401k Tax Limit. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. Participants who are 50+ can save an additional.
The withholding tax rate on mutual fund income for resident individuals has been set at 10%.however, if the annual income from mutual. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.