Month: June 2020

401k Contribution Limits by Year

The 401(k) contribution limits are updated by the Internal Revenue Service every year. Usually, the IRS increases the limits every year for the same reason as other tax provisions. The increases are usually between $500 and $1,000. From 2020 to 2021, 401(k) contribution limits have been increased by $500. In 2021, you will be able
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