Broker Check
2021 Contribution Numbers

2021 Contribution Numbers

October 28, 2020

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