IRS-releases-annual-contribution-limit-Bukaty-Hubsopt-Fall-2020

IRS releases annual contribution limits

Authored by Bukaty Companies on November 3, 2020

The IRS issued new contribution limits this month for tax-advantaged accounts. The limits, adjusted for inflation annually, are effective January 1, 2021.

As illustrated below, most limits important to employees remain unchanged from 2020.

 

IRS-releases-annual-contribution-limit-CHART

 

Blog Category: Benefits, Compliance