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MissouriFamilies.org - Money Matters - Consumer Action

 

Finance Quick Answers

 

 

What are the changes to the tax laws for contributions limits for 401(K), 403(B) and 457 deferred compensation plans?


Beginning in tax year 2008, the limit has increased to $15,500 for those younger than 50, and up to $20,500 for those who are 50 and older.
 

Beginning in tax year 2009, the limit has increased to $16,500 for those younger than 50, and up to $22,000 for those who are 50 and older.

 

 

 

 

 

 

 

 

 

 

 

 

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Last update: Monday, November 17, 2008

 

 

 


 
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