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What are the contribution limits for 2010? |
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2010 Annual Maximum Contribution Limits
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Participant
Age
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Maximum Limit
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Under Age 50
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$16,500
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Age 50 & Over
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$22,000
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Catch-Up Provision*
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$33,000
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Each calendar year, the IRS modifies the annual contribution limits
based on cost-of-living adjustments. The IRS announces annual increases toward the end
of each calendar year as specific cost-of-living benchmarks are known.
* See
next question for more information about the Catch-Up Provision.
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