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New Member
posted Mar 17, 2023 9:58:40 AM

Couple filing jointly, how much can each contribute maximum to 401k with different employers, if they earn, say $200K each per annum? $22,500 each or combined?

I want to avoid penalties by overcontributing than allowed maximum for a couple filing jointly, separate employers.

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1 Replies
Expert Alumni
Mar 17, 2023 10:11:58 AM

You can each contribute up to $22,500 in 2023 ($20,500 in 2022).

If permitted by the 401(k) plan, participants age 50 or over at the end of the calendar year can also make catch-up contributions. You may contribute additional elective salary deferrals of: $7,500 in 2023, $6,500 in 2022 for 401k plans.

IRS.gov