Report post

Is there a 401(k) contribution limit?

While there's no universal income limit on 401 (k) contributions, in some cases the IRS does impose contribution limits on "highly compensated employees" when a company encounters disproportionate contribution levels among its workers.

What is the 401(k) & 403(b) contribution limit?

The contribution limit for employees who participate in 401 (k), 403 (b), and most 457 plans, as well as the federal government's Thrift Savings Plan is increased to $23,000, up from $22,500. The limit on annual contributions to an IRA increased to $7,000, up from $6,500.

How much money can you contribute to a 401(k)?

The contribution limit for employees who participate in 401 (k), 403 (b), most 457 plans, and the federal government's Thrift Savings Plan is increased to $22,500, up from $20,500. The limit on annual contributions to an IRA increased to $6,500, up from $6,000.

The World's Leading Crypto Trading Platform

Get my welcome gifts