This year you can deduct up to $15,500 in contributions to a 401(k), with an additional $5,000 deductible "catch-up" contribution allowed for workers who are 50 or older by Dec. 31. At the very minimum, contribute enough to take full advantage of any matching funds from your ...
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Maximum employee elective contribution (age 50 and older) Additional $7,500, remaining the same as in 2024 Maximum employee elective deferral plus catch-up contribution (age 50 or older) $31,000, up from $30,500 in 2024 Defined contribution maximum limit, employee + employer (age 49 or you...