New tax limits for retirement plans
It’s still early in 2012, but for our clients wanting to start their tax planning here
are the updated numbers for this year.
Retirement Plans Limits Plan
|
Limit |
Limit with Catchup |
|
| Simple |
11,500 |
14,000 |
| 401(k) |
17,000 |
22,500 |
| Roth 401(k) |
17,000 |
22,500 |
| IRA |
5,000 |
6,000 |
| Roth IRA |
5,000 |
6,000 |
| 403(b) |
17,000 |
22,500 |
| Roth 403(b) |
17,000 |
22,500 |
| 457 (b) |
17,000 |
22,500 |
| 408(k) SEP |
17,000 |
22,500 |
Bold and Red indicates the Limit changed in 2012.
Adoption Flexible Spending Accounts Limit
The 2012 limit changed to 12,650.
