IRS Tax Changes for 2018

The IRS has released its 2018 tax updates via Notice 2017-64 and revenue procedure 2017-58. Highlights are provided below. Remember these updates are for 2018 taxes filed in 2019. For the upcoming 2017-18 tax year, I have included links (for filings due next year by April 17, 2018) …

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2021 vs 2020 Maximum 401k Contribution Limits

[Updated with official IRS 2021 401k limits] The IRS has now released 2021 401k limits in Notice 2020-79, which as expected see little to no change from 2020 levels. The table below shows what the contribution limits for 2021 versus 2020 (current tax year) will …

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2020 vs 2021 401k, 403b, 457 and TSP Contribution Limits and Catch-up Amounts

[Updated with the latest contribution limits] The IRS has released updated employer sponsored retirement plan limits, which covers 401(k), 403(b), 457 and Government Thrift Savings (TSP) plans. The annual contribution limits are indexed to inflation. See details and additional explanations below the table. Your 401k maximum contribution limit is the …

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