Final answer:
A 44-year-old taxpayer like Dallas can contribute a maximum of $20,500 to his 401(k) plan in 2022, not including any catch-up contributions for those 50 and over.
Step-by-step explanation:
The maximum contribution Dallas, a 44-year-old taxpayer, can make to his 401(k) plan in 2022 is $20,500. This amount applies to individuals under the age of 50.
Since Dallas does not qualify for the additional catch-up contribution (which is available for those aged 50 and over), he cannot contribute the higher amount of $27,000, which includes the catch-up contribution of $6,500.
The maximum contribution Dallas can make to his 401(k) plan in 2022 is $19,500 (option B).
A 44-year-old taxpayer like Dallas can contribute a maximum of $20,500 to his 401(k) plan in 2022, not including any catch-up contributions for those 50 and over.