Monthly Archives: October 2020

IRS Inflation Adjusted Limits for 2021


        Ernie Guerriero, CLU®,ChFC®,CEBS,CPCU®,CPC®,CMS,AIF®,RICP®,CPFA The IRS has announced increases in some limits; however, the majority of the limits remain the same.  The 401(k) limit remains at $19,500 and the catch-up limit remains at $6,500.  What has increased: Defined Contribution Annual Addition to $58,000 from $57,000 Annual Compensation Limit to $290,000 from $285,000 […]