Tax Updates

401(k), 403(b), 457, & Thrift Savings Plans

$24,500 Maximum Annual Employee Contribution

$8,000 Age 50 and Over Catch-Up Contribution

$11,250 Ages 60-63 Catch-Up Contribution

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IRA and Roth IRA

$7,500 Maximum Annual Contribution

$1,100 Age 50 and Over Catch-Up

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HSA Contribution

$4,400 Self-Only Coverage

$8,750 Family Coverage

$1,000 Catch-Up Contribution (Age 55+)

 

Annual Gift Exclusion

$19,000

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Lifetime Gift and Estate Tax Exclusion

$15,000,000