If I received a $600 credit on contributing $1200 to my 401k in 2016, why did I receive only a $400 credit when contributing twice that to the 401k in 2017?

posted

Connect with an expert

1 Best answer

Accepted Solutions

If I received a $600 credit on contributing $1200 to my 401k in 2016, why did I receive only a $400 credit when contributing twice that to the 401k in 2017?

It is based on your income:

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-save...

View solution in original post

1 Reply

If I received a $600 credit on contributing $1200 to my 401k in 2016, why did I receive only a $400 credit when contributing twice that to the 401k in 2017?

It is based on your income:

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-save...

Still have questions?