MarilynG1
Expert Alumni

Retirement tax questions

You can put a Total Contribution of $26,000 in 401K if you are over 50, so this is not an error. 

 

$19,500 for a regular contribution, plus $6,500 'catch up' contribution.  

 

The 'catch up'  has to do with your age, not how many years you are with the company, so unclear what the $3,000 'catch up' you are referring to is. 

 

Click this link for detailed info on Retirement Savings. 

 

 

 

 

 

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