Author Topic: 2015 Retirement Plan Limitations/Tax resources  (Read 2055 times)

Cheddar Stacker

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2015 Retirement Plan Limitations/Tax resources
« on: October 23, 2014, 11:58:41 AM »
I just wanted to pass this info along.

This just came across my desk:
Quote
Retirement Plan Limitations
In October of each year, the IRS reviews contribution, compensation and other retirement plan limits to determine if adjustments are required. Today, the IRS released the 2015 limits. Check out the table below for a comparison of select 2014 and 2015 limits.
(See attached for full details)
Summary:
401K max = 18,000 up from 17,500
IRA max = 5,500, no change
Catch up contribution = $6,000 up from $5,500

Also, I get this "key facts and figures" sheet I refer to often and I thought it could come in handy to some people, so here's a link to the website that publishes it. You will likely be able to obtain the 2015 version as soon as it's published by googling "2015 key facts and figures".

http://www.paychex.com/accounting-professionals/resources/CCH%20Key%20Facts%20and%20Figures%20Card%202014.pdf

RWD

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Cheddar Stacker

  • Magnum Stache
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  • Age: 42
  • Location: USA
Re: 2015 Retirement Plan Limitations/Tax resources
« Reply #2 on: October 23, 2014, 12:48:07 PM »
I beat you to it by 27 minutes. :)
http://forum.mrmoneymustache.com/investor-alley/irs-announces-2015-contribution-limits/

I noticed that after the fact. Good job. It does seem odd as someone mentioned in your thread that the IRA stayed still while the catch up went up. Oh well.