December 10, 2019

2020 Contribution Limits for IRAs and Retirement Plans

MTA-2020-Contribution-Limits-pdf

New inflation-adjusted limits for 2020 IRA and retirement plan contributions have been released by the IRS. Contribution limits have risen slightly for 2020, and income thresholds have increased as well. If you want to begin planning for your 2020 contributions or to maximize your 2019 tax deferred savings, this chart will give you the amounts you can contribute and any applicable income limitations for this year and next.

Download the chart here.

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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