Contribution limits will remain unchanged next year according to the tax collection agency.
Leaving limits at this year’s levels means that 401(k) participants under the age of 50 could contribute a maximum of $16,500, while participants aged 50 and above would be able to contribute up to $22,000. The announcement made late last week quieted concerns [...]
IRS Will Keep 401(k) Contribution Limits Steady for Next Year