11/18 What's the max. 401(k) contribution limit for tax years 1999 and
2000? Thx.
\_ Unless something's changed, it's $10k
\_ That's what I heard too, but on page 3 of
http://ftp.fedworld.gov/pub/irs-pdf/p560.pdf it says the limit
is $6k. What gives?
\_ Are you working for a small business that only offers a
Simple 401k?
\_ Yeah, about 20 employees, and the employer doesn't match
my contribution.
\_ if the employer doesn't match, according to that 560 pub
it's not a SIMPLE 401k. it's probably a normal one
and 10k limit. -oj
\_ I see. Thanks.
\_ Be careful. That word does not mean what you think it means.
(Where the IRS is concerned nothing is simple, and a Simple
401k is more complicated than simply a standard 401k.)
\_ What if I'm married and filing tax jointly with my working
spouse?
\_ Ask HR or a CPA - much more reliable than the motd.
\_ For 1999 it was $10,000, for 2000 it has been increased to $10,500
--someone who has one and contributes the maximum |