Ronald W. Stokes, CPA, PC

850 Corporate Parkway, Suite 120, Birmingham, AL 35242 205-437-0131; rwstokes@rwscpa.com

2017 Pension Plan and IRA Limits

The 2017 elective deferral limit for employees who participate in 401(k), 403(b) and most 457 plans is increased to $18,000.  The catch-up contribution limit for employees aged 50 and over for these plans increases to $6,000. The limit on annual IRA contributions remains unchanged at $5,500.  The additional catch-up contribution limit for individuals aged 50 and over also remains unchanged at $1,000.

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This entry was posted on January 2, 2017 by and tagged , , .
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