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Employees can contribute $500 more to 401(k)s next year

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in Compensation and Benefits,Human Resources

The IRS has announced that the amount employees can defer on a pretax basis into 401(k) accounts goes up to $17,500 in 2013.

Employees age 50 or older during 2013 can put in up to $5,500 extra as a pretax, catch-up contribution, the same as in 2012.

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