Michael Choate Associates CPA

New 2016 Contribution Limits for Salary Deferral Plans

 

401(k), 403(b) and 457 Plans

Year General
Contribution Limit
Catch-Up
Contribution Limit
(Over 50 Years old)
2014 $17,500 $32,000
2015 $18,000 $24,000
2016 $18,000 $24,000
2017 $18,000 $24,000

Simple IRA Plans

Year General
Contribution
Limit
Catch-Up
Contribution Limit
(Over 50 years old)
2014 $12,000 $14,500
2015 $12,500 $15,500
2016 $12,500 $15,500
2017 $12,500 $15,500

For more information, call Michael R. Choate, CPAs at 225-292-7434 or email mike@choatecpa.com