Month: October 2014

2015 401(k) contribution levels

Wage And Tax Statement

The IRS announced the 2015 cost-of-living adjustments that apply to retirement plans in IR-2014-99.  For 2015, the amount taxpayers may contribute to qualified retirement plans including 401(k), 403(b) and 457 plans increases from $17,500 to $18,000.  The catchup contribution levels available to individuals 50 and older also increases by $500, allowing 50 and older taxpayers… Read more »