your employer's retirement plan might limit the compensation to something less than 100%; please refer to your plan's Summary Plan Description or plan document for other applicable limits. Otherwise the IRS allows it. Do note this is an annual limit not per job. Also note you may additionally be eligible to contribute to an IRA for the additional sum over $18k as you are under the income thresholds.
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**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
