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WS4Retirement

2020 IRS 401k Limits

New Limits for 2020 The Internal Revenue Service (IRS) published updated limits for contributions to a 401(k) plan in 2020: Elective deferral limit for Pre-Tax and/or Roth contribution increased from $19,000 to $19,500 Annual contribution limit, including Company Match, increased from $56,000 to $57,000 Annual compensation limit increased from $280,000 to $285,000 Catch-up contribution limit increased from $6,000 […]