From the IRS website. . . http://www.irs.gov/uac/Newsroom/IRS-Announces-2015-Pension-Plan-Limitations;-Taxpayers-May-Contribute-up-to-$18,000-to-their-401(k)-plans-in-2015 If you have a 401(k), you can contribute $18,000 to it in 2015. IRA contributions are staying the same.
The IRS has created what it calls a “new Web-based tool to help small business owners determine which tax-favored pension plan bests suits their needs and how to keep their plans in compliance.” The IRS Retirement Plan Navigator has links to “Choose a Plan,” “Maintain a Plan,” or “Correct a Plan.” I especially like the Plan… Read More