IRS announces pension plan contribution limits The Internal - TopicsExpress

IRS announces pension plan contribution limits The Internal Revenue Service said last week that taxpayers would be able to contribute up to $18,000 in tax-deferred income to 401(k) and other pension plans in 2015, with the catch-up contribution for employees over age 50 increasing to $6,000. The agency also announced increases in the income phase-out limitations for individual retirement accounts and Roth IRAs, but the limits on contributions for IRAs will remain the same. Ref: IRS

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