Coolidge Wall Co., L.P.A.
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Posts tagged "plan contributions"

IRS Announces 2020 Pension Plan Limitations

The IRS has announced cost-of-living adjustments for 2020 retirement plan contributions. For 2020, the amounts that individuals will be able to contribute to 401(k), 403(b), and 457(b) retirement plans will increase $500 to $19,500. The catch-up contribution limit for employees age 50 and over will also increase $500 to $6,500.