this post was submitted on 03 Oct 2023
961 points (97.3% liked)

Comic Strips

12497 readers
3595 users here now

Comic Strips is a community for those who love comic stories.

The rules are simple:

Web of links

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] psivchaz@reddthat.com 25 points 1 year ago (2 children)

Generally you can put in as much as you want but they only provide matching for some percentage. Usually like 1-5%. There is a total contribution limit but that won't affect most people.

[–] Trollception@lemmy.world 14 points 1 year ago

You can put in a max of 22,500 per year. The employer contribution can be higher.

[–] Kage520@lemmy.world 0 points 1 year ago

The company limits it to a percentage of your paycheck. Where I work it used to be 10% so I was never mathematically capable of maxing the full irs limit, but they moved that to 30% recently.