IRS Announces Pension Plan Limitations for 2011

formatting link
"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.

Reply to
BreadWithSpam
Loading thread data ...

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.