IRS releases 2015 401(k) max, other 2015 retirement plan limit adjustments

November 13, 2014 by OSYB Staff

The IRS has announced the inflation adjustments to retirement plans for 2015.  Some highlights: – Maximum contributions to 401(k) and 403(b) plans rises to $18,000 (from $17,500).  Taxpayers who are 50 years old by the end of 2015 will be able to contribute and additional $6,000 (formerly $5,500), for a combined maximum of $24,000. Read more.