Question: what is the maximum 401k contribution for 2020 if you are over 50?
Answer: Highlights of changes for 2020 The catch-up contribution limit for employees aged 50 and over who participate in these plans is increased from $6,000 to $6,500. The limitation regarding SIMPLE retirement accounts for 2020 is increased to $13,500, up from $13,000 for 2019.