Question by  Maria75 (13)

What is the limit to have put in your 401k in 2008?


Answer by  JohnC (131)

In 2008, the maximum amount you could have put into your 401k was $15,500. This limit increased to $16,500 in 2009. Unfortunately, you cannot contribute money to a 401k retroactively, so if you contributed less money than the limit, you are out of luck in terms of making new contributions.


Answer by  tamarawilhite (17883)

In 2008, the maximum amount of pre-tax dollars that could be put in a 401K by an employee was 15,500 dollars. Employer matching of contributions is in addition to this amount.


Answer by  webbbb (95)

For tax year 2008, the Internal Revenue Service has established the limit for contribution to a 401K pension plan to be $15,500. The amount for tax year 2008 is unchanged from the previous year. Additionally, for those 50 or older, an additional $5,000 is allowed bringing the limit for that group at $20,500


Answer by  Daigle83 (66)

In 2008, a worker that was 49 years old and younger was able to place a maximum of $15,500 into their employer 401k. However, workers that were 50 years old and older were able to put an extra $5,000 into their account for a grand total of $20,500 into their 401k.

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