What Are the Limits for 401k Contributions
The limits for 401k contributions vary depending on your age and income. For 2023, the contribution limit for employees under age 50 is $22,500, while employees aged 50 and over can contribute an additional $7,500 as a catch-up contribution, for a total of $30,000. The annual limit for employer contributions is $66,000, or $73,500 for … Read more