KeshaH
Expert Alumni

Business & farm

Since you are 50+ years old, the maximum that you can put into an account is $76,500, which is calculated as $30,500 elective contributions + $46,000 nonelective contribution. You've made the $30,500 elective contribution, now you can still contribute up to the $46,000 nonelective.

 

The $7,500 catch up contributions do not reduce the max nonelective contribution.

View solution in original post