Most of the 401k/403b/457 and IRA contribution limits will stay the same in 2021. Some of the income limits will increase slightly.
A 401(a) plan allows additional contributions on top of 401(k), 403(b), and 457 plans.
2017 contribution and income limits for 401k, 403b, 457, SIMPLE, and Traditional and Roth IRA.
2016 contribution and income limits for 401k, 403b, 457, SIMPLE, and Traditional and Roth IRA.
2015 contribution limits for 401k, 403b, SIMPLE, and IRA.
Happy New Year! News came that Congress passed a fiscal cliff deal, official known as the American Taxpayer Relief Act of 2012. Whether you like it or not, that’ll be the law for now. Rather than doing a run-down for what’s in it, which I’m sure you read everywhere, I will look at one item […]
The Consumer Price Index for September 2012 was released. Now we have all the data needed to calculate 2013 401k and IRA contribution limits. 401k/403b/457 Elective Deferral Limit 401k/403b/457 contribution limit will go from $17,000 to $17,500 in 2013. SIMPLE 401k and SIMPLE IRA plans have a lower limit. It will also go up by […]