2019 & 2020 Maximum 401K Contribution Limits

The IRS just announced a 2020 maximum 401K contribution limit of $19,500, which is the max you can contribute to a 401K in a given calendar year. This is an increase over the 2019 maximum 401K contribution limits (which had also increased from the year prior). The IRS adjusts maximum contribution limits according to changes in the consumer price index (CPI). The maximum 401K limit is set annually by the IRS and it applies to your personal employee contributions to both traditional 401K’s and Roth 401K’s (or a shared combination of the two types of accounts, if you have both). It The post...

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