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January 2020

  • 401(k) contribution limit increases

    401(k) contribution limit increases   The contribution limit for any employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan increases from $19,000 to $19,500. The catch-up contribution limit for employees aged 50 and over who participate in these plans increases from $6,000 to $6,500. The limitation regarding SIMPLE…

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