ziggy29
Moderator Emeritus
IRS raises 401(k) contribution limit to $17,500 - Oct. 18, 2012
From what I've read, the IRA limits are also expected to be upped by $500, from $5,000 to $5,500. HSA contribution limits are already published for 2013, at $3,250 for individual and $6,450 for family plans (up $150 and $200 respectively from 2012).
The tax-free contribution limit for retirement plans will increase to $17,500 for 2013, up from $17,000 this year, the IRS announced Thursday.
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However, the catch-up contribution limit, which is the additional amount of tax-free money employees over 50 can contribute to their retirement plans -- on top of the $17,500 that any employee can contribute -- remains unchanged at $5,500.
From what I've read, the IRA limits are also expected to be upped by $500, from $5,000 to $5,500. HSA contribution limits are already published for 2013, at $3,250 for individual and $6,450 for family plans (up $150 and $200 respectively from 2012).