medium · Certified Financial Planner Psychology
Mr. Takeda, aged 62, participates in a 401(k) plan at his employer.
For the 2026 tax year, what is the maximum total elective deferral amount Mr. Takeda can contribute to the plan, including all applicable catch-up provisions?
- $24,500
- $32,500
- $35,750
- $32,000
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