# What is the maximum 403b contribution for 2010?

The 402g limit (Pre-tax deferral Maximum) for 2010 is $16,500.

### What is the 401k maximum contribution for 2009?

The 401(k) maximums for 2009 was established based on a cost of living adjustment. The 2009 Basic maximum 401K contribution amount is set at $16,500. Catch up contributions allow a maximum of an additional $5,500. Catch up contributions would bring the total to $22,000 but you must be 50 years old and above for the additional allowed contribution amount. The 401k Basic maximum contribution figure is also true for the 403b (used by non-profits and…

### What is a 403b?

A 403b is similar to a 401k but involves non-profit or charitable organizations. Churches, some community colleges, or private colleges are among the examples. There are somewhat different rules on 403b contribution levels. Withdrawals for active pastors also may make deductions for housing allowances deductible.

### How much can the employee and employer combined contribute to a 401k?

For the 2010 tax year, the combined maximum contribution you can make to all of the 401k plans that you participate (assuming you have more than one employer during the tax year) is the lower of: (1) the maximum percentage all of your plans allow, or (2) $16,500. For example if you participate in one plan and you will make $50,000 in 2010, and your maximum percentage your plan allows is 10%, your maximum allowed…

### What will the maximum 401k contribution for 2010?

The 401(k) contribution limit for is $16,500 for those under 50 years old. For anyone between the ages of 50 and 59 Â½ years old you also have the option of contributing an additional $5,500 as a catch-up contribution. The IRA contribution limit for is $5,000 for those under 50 years old, with a $1,000 catch-up contribution option for those between 50 and 59 Â½ years old.

### Can you contribute to all 401a 403b and 457b if YES is there a total contribution limit?

Yes you can contribute to all three however the 401k and the 403b share the same elective deferral limit (402(g) Limit) of 16,500 plus 5,500 for over age 50. 457 have a different limit (it's call a 457 limit) plus a separate age 50 catch up (only for governmental 457 plans) so your totals are 16,500 plus 5,500 for 401k and 403b 16,500 plus 5,500 for 457. Total $44,000

### Can you contribute to both an IRA and a 403b in the same year?

Yes. Whether or not you can deduct the IRA contribution depends on a variety of factors. Whether or not you can contribute to a Roth IRA depends on your income (or that of you and your spouse combined, if you are married). More information: http://beginnersinvest.about.com/cs/iras/a/iracontribution.htm