"the limitation under Section 402(g)(1) on the exclusion for elective deferrals described in Section 402(g)(3) remains unchanged at $15,500. This limitation affects elective deferrals to Section 401(k) plans and to the Federal Government's Thrift Savings Plan, among other plans." http://www.irs.gov/newsroom/article/0,,id=174873,00.html
The maximum contribution limit for a 401k in 2016 was 18,000.
For a married couple filing jointly, the maximum 401k contribution limit is 38,000 in 2021.
The maximum 401k contribution a person can make each year is $17,000. That amount is before taxes. It is estimated that 33% of Americans don't make a substantial contribution to their 401k plans.
Assuming you're referring to the pre-tax contribution for a 401k .... the max in 2010 is $16,500.
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.
The maximum contribution limit for a 401k in 2016 was 18,000.
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 .
16,500
For a married couple filing jointly, the maximum 401k contribution limit is 38,000 in 2021.
The maximum 401k contribution a person can make each year is $17,000. That amount is before taxes. It is estimated that 33% of Americans don't make a substantial contribution to their 401k plans.
Assuming you're referring to the pre-tax contribution for a 401k .... the max in 2010 is $16,500.
The maximum pre-tax contribution to the 401k is $16,500. If you're over the age of 50 you're able to contribute an additional $5,500 as a catch-up contribution.
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.
You will have to call your Human Resources department to find out what there maximum contribution is first off. And they will also be able to tell you what the governments maximum contribution is for you.
Yes
Yes you can. The catchup contribution is in addition to the maximum annual contribution under IRC 457, which was $15,500 in 2008 and is $16,500 in 2009.
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.