Tag Archives: 401K

2013 Tax Changes to Remember on the Road to 2014

2013 contribution limits increased for some of the more popular retirement vehicles.  IRS-2012-77, October 18, 2012:

  • The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans and the federal government’s “Thrift Savings Plan” increased $500.00.
  • The catch-up contribution for age 50+ employees and who participate in 401(k), 403(b), most 457 plans and the federal government’s “Thrift Savings Plan” remains unchanged at $5,500.00. Continue reading