2021 Retirement Plan Maximums and Limits/Saver's Credit

View 2020 Limits

The Internal Revenue Service (IRS) has announced the dollar maximums and limits for qualified pension plans for 2021. These reflect the applicable cost-of-living adjustments required by the federal tax law and provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) that are effective for the 2021 tax year only.

Sections 1–3 highlight contribution maximums and limits established by the IRS for various retirement plans. All dollar amounts are effective January 1, 2021; changes, if any, from 2020 are noted. Section 4 highlights annual compensation amounts for highly compensated employees and key employees in a top-heavy plan. Section 5 highlights the Saver's Credit tax credit for 2021.

expand/collapse  1. Retirement Plan Dollar Maximums for 2021

expand/collapse  2. Retirement Plan Compensation Limits for 2021

expand/collapse  3. Retirement Plan Dollar Limits for 2021

expand/collapse  4. Retirement Plan Annual Compensation Amounts for 2021

expand/collapse  5. Saver's Credit for 2021

The tax information contained herein is for informational purposes only. You should consult your financial adviser or attorney regarding your individual circumstances.

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