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2021 Contribution Numbers

2021 Contribution Numbers

| October 28, 2020
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The IRS just announced the new maximum contribution numbers for 2021. The most common contribution is the 401k or 403B and remains at $19,500. If 50 or older, there is the catchup of an additional $6,500. The aggregate with the 401k and profit sharing as well as SEP IRA contribution increased from $57,000 to $58,000. The other key number is the highly compensated employee limit which remains at $130,000. Below is the link to the notice from the IRS.

 

 

https://www.irs.gov/pub/irs-drop/n-20-79.pdf

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