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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.
‎February 15, 2025
3:48 PM