US reaches H-1B cap for fiscal year 2024

Washington: The US has received a sufficient number of petitions needed to reach a cap for the much-sought-after H-1B foreign work visas for the fiscal year 2024, a federal agency has announced.

The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.

US Citizenship and Immigration Services (USCIS) in a statement on Thursday said it has received a sufficient number of petitions needed to reach the congressionally mandated 65,000 H-1B visa regular cap and the 20,000 H-1B visa US advanced degree exemption, known as the master’s cap, for fiscal year 2024.