DEFERRED RETIREMENT PLANS LIMITATION
1. 401(K). The maximum contribution is $18,000 but increases to $24,000 if age 50 and older (up to $6,000 in catch-up contributions).
2. Defined Benefit Plans. The maximum benefit amount is $210,000.
3. Defined contribution plan [e.g 401(k), 403(b)) and 457]. The maximum contribution is the lesser of $53,000 or 100% of compensation.
4. Regular and Roth IRA. The maximum contribution is $5,500 plus a $1,000 catch up contribution if age 50 and older. Taxpayer must have earned income. Read More
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