401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500

beSpacific 2019-11-06

Summary:

“The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in Notice 2019-59 (PDF), posted today on IRS.gov. This guidance provides cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020. […]

Link:

https://www.bespacific.com/401k-contribution-limit-increases-to-19500-for-2020-catch-up-limit-rises-to-6500/

From feeds:

Berkeley Law Library -- Reference & Research Services » beSpacific

Tags:

documents

Authors:

Sabrina I. Pacifici

Date tagged:

11/06/2019, 21:26

Date published:

11/06/2019, 20:00