November 20, 2015

2015-2016 Contribution Limits for IRAs and Retirement Plans

The IRS has just released their updated contribution limits for tax deferred savings plans for next year. Since there has been no appreciable inflation for the past year, the contribution limits remain the same as last year. If you want to begin planning for your 2016 contributions or to maximize your 2015 tax deferred savings, the attached chart will give you the amounts you can contribute and any applicable income limitations for this year and next. Click here for chart.

Maddox, Thomson & Associates

Maddox, Thomson & Associates

MTA is a full service, privately held CPA firm established in 1985 in Houston, Texas. Built on a reputation for client service, the firm delivers tax-compliant solutions through its financial planning, tax preparation and consulting services.

With more than 30 years of experience, our team of seasoned professionals will help you define personal and professional financial goals and establish strategies to maximize achievement.
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