401k 2024 Tax Year Limitations. The withholding tax rate on mutual fund income for resident individuals has been set at 10%. The irs imposes maximum contribution limits to help ensure all employees' fair participation in 401 (k) plans.
The 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023. 401k and retirement plan limits for the tax year 2024.
401k 2024 Tax Year Limitations Images References :