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Microsoft matches 50% of your contributions up to the annual IRS limit of $19,500 for 2021 (or $26,000 for those over 50, thanks to the additional $6,500 catch-up contribution). But, the IRS allows total contributions into a 401(k)—both pre-tax and after-tax—of $58,000 in 2021. 2021 could be your last chance to participate.
Microsoft Compensation: Savings Opportunities Microsoft 401(k) Like most companies, Microsoft’s 401(k) is one of the first accounts you should consider saving money into. But, the IRS allows total contributions into a 401(k)—both pre-tax and after-tax—of $58,000 in 2021. 2021 could be your last chance to participate.
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