Entries by The Tax Gals!

401(k) limit increases to $23,500 for 2025

December 30, 2015 in /by

401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000 From: IRS.gov WASHINGTON — The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index […]