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The maximum contribution limit for a 401k in 2016 was 18,000.

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1y ago

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What is the maximum contribution limit for a 401k in 2016 and how much can I contribute to my 401k account?

The maximum contribution limit for a 401k in 2016 was 18,000. However, individuals aged 50 and older could contribute an additional 6,000 as a catch-up contribution, making their total contribution limit 24,000.


What is the maximum 401k contribution limit for a married couple filing jointly?

For a married couple filing jointly, the maximum 401k contribution limit is 38,000 in 2021.


What are the 401k's maximun contributions?

Maximum 401k contribution over 50 includes both the general contribution limit and the catch-up contribution, which has increased for . Maximum 401k contribution over 50 includes both the general contribution limit and the catch-up contribution, which has increased for .


What is a 401k contribution limit?

A 401k contribution limit is the maximum amount a person can contribute towards their plan each year. This limit is set by the IRS and this amount can change year on year.


What is the maximum contribution limit for a 401k before tax or after tax?

The maximum contribution limit for a 401k before tax is 19,500 for 2021, and an additional 6,500 for those aged 50 and older. The total combined limit for before and after-tax contributions is 58,000 for 2021.


Does the 401K contribution limit for 2008 include employer matching contributions or is the limit only on employee contributions?

The contribution that is matched by an employer is not counted towards a 401k contribution limit. If someone contributes the maximum IRS allowed amount each year, still the employer's matching contribution would be in addition to that limit.


How is the 401k different from the Roth ira?

There is one main difference between a 401k and a Roth IRA. The maximum contribution limit for a 401k is about three times that of an IRA.


What was the 401k employer match limit for the year 2016?

The 401k employer match limit for the year 2016 was 18,000.


What was the highly compensated employee 401k limit for the year 2016?

The highly compensated employee 401k limit for the year 2016 was 18,000.


What was the 401k contribution deadline for 2016?

The deadline for contributing to a 401k for the 2016 tax year was April 18, 2017.


What is the maximum amount that an individual can contribute to their 401k in the year 2016?

The maximum amount an individual could contribute to their 401k in the year 2016 was 18,000.


What was the maximum catch up amount allowed for 401k contributions in 2016?

The maximum catch-up amount allowed for 401k contributions in 2016 was 6,000.

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