IRS Announces Pension Plan Limitations for 2011

Oct 28, 2010 0 Replies

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"9975,00.html Most of these things are unchanged, particularly the ones which come up most often for folks trying to figure out how much they can save.



Elective deferrals limit remains $16,500 Catch-ups for 50+ remain $5500 The 415(c)(1)(a) limit remains $49,000 and the annual compensation limit remains $245,000



There were some small adjustments to the ranges for certain phaseouts (ie. whether IRA contributions are deductible, whether you can contribute directly to a Roth IRA), and the AGI limit for the "saver's credit" has gone up just a bit.



No big surprises, but it's nice to have the final numbers in hand.



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