With the holidays officially behind us, we enter everyone's LEAST favorite time of year, tax season.
I know, I know, it is too soon to start thinking about all that. Don't worry, I will keep this short. Attached here is a list of the IRS Retirement Plan Contribution Limits for 2021. It also lists previous years' limits for those of you who do like to geek out on the numbers.
The long and the short of it is this: Elective deferral limits for 401ks, Catch-up contribution limits, and IRA contribution limits HAVE NOT CHANGED. A few other things HAVE CHANGED. Take a look the 2021 Retirement Plan Limits for more details.
In a few weeks time we will send you all sorts of information regarding your tax forms, like we always do. In the mean time...
Stay safe, stay healthy, and stay the course.