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IRS Announces Retirement Contribution Limits for 2014
November 7, 2013
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Written by Mike Rogers, Chief Compliance Officer. The IRS recently announced 2014 tax year limitations for several retirement-related contributions.
The IRS recently announced 2014 tax year limitations for several retirement related contributions. The amounts individuals can contribute to their 401(k) and IRAs remains unchanged for 2014. A full outline of the guidelines for tax year 2014 can be found here: http://www.irs.gov/uac/IRS-Announces-2014-Pension-Plan-Limitations;-Taxpayers-May-Contribute-up-to-$17,500-to-their-401(k)-plans-in-2014.