IRS increases 2015 401(k) Contribution Limits

The IRS recently released the 2015 maximum contribution limits to retirement accounts. Here is a quick overview for some of the most widely utilized accounts:

  • 401(k) 2015 Contribution Maximum > $18,000
    • Up from $17,500 in 2014
  • 401(k) catch up (over 50) 2015 Contribution Maximum > $6,000
    • Up from $5,500 in 2014
  • SEP-IRA 2015 Contribution Maximum > $53,000
    • Up from $52,000 in 2014
  • IRA and Roth IRA – 2015 No Change > $5,500

For a full list of changes for 2015 click here: IRS 2015 Limits.

BlogJohn Winslow