Wednesday, November 22, 2017

IRS Increases 401(k) Contribution Limit

For 2018, the IRS has increased employee 401(k) contribution limit to $18,500. This is an increase of $500 from the 2017 limit. For those who will be 50 or older in 2018, that limit will be $24,500.


Disclaimer does not provide specific tax advice. If you have questions about 401(k) plans and taxes, please contact a qualified tax advisor.