topic Re: 401k Maximum in Get your taxes done using TurboTax

401k Maximum

stardrum — Tue, 10 Mar 2026 05:13:05 GMT

If filing married and both work for couple under 55, is the maximum contribution for 401k for 2022 only 20500 for both or 41000 (20500 + 20500) ?

VolvoGirl — Wed, 08 Jun 2022 21:18:49 GMT

401K is for an individual. So 20,500 max each person = 41,000. You can each contribute the max.

drc845443 — Wed, 08 Jun 2022 21:19:55 GMT

Hello,

It is correct that the contribution limit is $ 20500 per individual in 2022.

However, if you are also above 50, you are also eligible to contribute an additional $6500 each in catch-up contributions.