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2015 401k Limits

by | Oct 24, 2014 | Tax and Accounting Desk

The IRS has announced limitations for 2015 Pension Plans. The maximum elective deferral for 401(k) is $18,000 up from $17,500.

Catch-up contributions for those over 50 years old is $6,000 up from $5,500

IRA maximum contribution remains the same at $5,500 as well as the catch-up amount at $1,000.

For more on other pension plans click here.

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