How Much Can Put in 401k
401(k) contributions have limits set by the IRS to ensure responsible retirement savings. The annual limit on employee elective deferrals (your contributions) is adjusted each year for inflation. For 2023, the maximum you can contribute to your 401(k) is $22,500. If you’re age 50 or older, you can make catch-up contributions of up to $7,500, … Read more