401(k) Contribution Limit Increases for 2018
December 15, 2017
The Internal Revenue Service (IRS) has increased the contribution amounts for 401(k) participants for next year. In 2018, you can contribute $18,500 up from $18,000. No change has been made for participants who are over 50 years old for the “Catch-Up” contribution allowance which remains at $6,000 for a total $24,500 individual allowance.