Retirement Savings Plans – Many key dollar limits on retirement plans are a little higher in 2015. Taxpayers may contribute up to $18,000 to their 401(k), 403(b) and most 457 plans, up from $17,500. The catch-up contribution limit for employees aged 50 and over is increased to $6,000, up from $5,500. For more information please refer to the following article: http://www.taxact.com/tax-information/newswire/2014/irs-announces-2015-pension-plan-limitations.asp
