401(k) Retirement Plan Contribution Limits
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Each year the IRS issues new instructions setting the maximum contribution
that an employee can make to their 401(k) retirement plan.
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Since 2002, those turning age 50 or higher during the year are separately allowed
an additional "catch-up" contributions. Here are those limits:
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| Year | Maximum Contribution |
Catch-up Limits |
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| 2009 | $16,500 | $5,500 |
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| 2008 | $15,500 | $5,000 |
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| "Tax software is no substitute for tax knowledge." |
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Any views expressed herein are based on our best information. The content of this web site was written as general information without specific individual information and thus may not apply in all situations. This material was not written, and cannot be used by the taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer.
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