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Annual Contribution Limits for 2019

As 2018 is comes to a close, we all begin to look ahead to 2019. For 2019 many of the contribution limits increased from their 2018 levels. In calculating these, IRS compares the official cost of living increase from September of 2018 to September of 2017. Because the cost of living was higher in 2018 many of the indexed (for inflation) contributions, limitations, thresholds, etc in the IRS were adjusted.

IRS: 2014 Pension Plan Limitations

IRS Announces 2014 Pension Plan Limitations; Taxpayers May Contribute up to $17,500 to their 401(k) plans in 2014 IR-2013-86, Oct. 31, 2013 WASHINGTON — The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar limitations for pension...

Fund Your Retirement and Invest In What You Know Best!

Fund Your Retirement and Invest In What You Know Best!  Increase Your Retirement Account Available for Investing by Maximizing Your 2013 Contributions By John “Jack” Kiley, CPA, CISP Partner, MidAtlantic IRA, LLC   For retirement plans, the landscape in 2013 will look...

2012 IRA Contribution Limits

IRA Contribution limit remains at $ 5,000 for 2012
Recently the Internal Revenue Service announced the 2012 contribution and cost of living increases regarding IRAs and 401k plans. The following can be found on the IRS’s website at www.irs.gov.

IRS Announces Pension Plan Limitations for 2011

source: www.irs.gov IR-2010-108, Oct. 28, 2010 WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2011. In general, these limits will...