If filing married (joint or separate), enter combined amount for you and your spouse. Enter your Fixed Date Conformity (FDC) additions, if applicable. If filing married (joint or separate), enter combined amount for you and your spouse. Enter your Fixed Date Conformity (FDC) subtractions, if applicable. If filing married (joint or separate), enter combined amount for you and your spouse.
Savers and investors aged 50 or older can take advantage of a catch-up contribution, effectively increasing the limit for those approaching traditional retirement age. In 2015, taxpayers who meet this age-based criterion can contribute an additional $6,000 above the regular maximum of $18,000.y the end of the year, I expect to have maximized the employee portion of my 401(k) contributions at $16,500 with extra invested for the employer portion. My 2010 contributions fell short from the maximum by about $700, and a portion of that is due to leaving the company in the middle of December.
Annual Limit on Compensation Contribution to 401K Plan for the Current Year. The 401k annual limit on compensation is one of the least understood limits, but itâs just as important to comprehend as all the others.The good news is that itâs not really difficult to understand.All this rule does is limit the amount of your compensation that can be taken into account when determining how much you can contribute to your account. For 2012, the annual limit on compensation is $250,000.he good news is that itâs not really difficult to understand. All this rule does is limit the amount of your compensation that can be taken into account when determining how much you can contribute to your account. For 2012, the annual limit on compensation is $250,000.