2023 Taxes Cheat Sheet - Flipbook - Page 6
2018 Annual Contribution Limits
The contribution limit for employees who own 401k, 403(b), most 457 plans,
and the Thrift Savings Plan (TSP) is $19,000, up from $18,500 in 2018. The
catch-up contribution limit for employees aged 50 and over who participate
also remains at $6,000 ($25,000 total). The limit on annual contributions to an
IRA also increased by $500 to $6,000. The additional catch-up contribution
limit for individuals aged 50 and over also remains at $1,000 ($7,000 total).
Chart Source: 401k Help Center
http://www.401khelpcenter.com/2019_401k_plan_limits.html
Last Accessed November 1, 2018.
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