Question: are there income limits for 401k?
Answer: More In Retirement Plans The annual limits are: salary deferrals - $19,500 in 2020 ($19,000 in 2019), plus $6,500 in 2020 ($6,000 in 2015 - 2019) if the employee is age 50 or older (IRC Sections 402(g) and 414(v)) annual compensation - $285,000 in 2020, $280,000 in 2019 (IRC Section 401(a)(17))