Many of the pension plan limitations will change for 2004. For most of the limitations, the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment for 2004. According to the pension plan the maximum deductible contribution in 2004 will increase to $13, ...
The table below shows the SEP contribution limits over the last few years along with some other key eligibility limits. Contributions must be made in cash only and you have up to April 15 (or nearest business day), to contribute for the past year’s SEP IRA. A SEP provides high maximum ...
Form 5498: IRA Contributions Information reports your IRA contributions to the IRS. Your IRA trustee or issuer - not you - is required to file this form with the IRS by May 31.
The IRS also announced the 2014 contribution limits and other figures for pension plans and other retirement-related items (IR-2013-86). The elective deferral (contribution) limit for employees who participate in Sec. 401(k), 403(b), or 457(b) plans and the federal government’s Thrift Sav...
IRS Announces Higher Contribution Limits For Tax-Deferred Pension, Retirement Plans.The article reports on the U.S. Internal Revenue Service's (IRS) October 18, 2012 announcement on cost-of-living adjustments which affect dollar limits on tax-deferred contributions to plans for retirement and ...
New IRS Position: No Deductions for Pension Contribution Made After End of Tax Year but Before Filing Return.Reports on the denial of tax deductions on pension contributions to Vons Cos. Inc. by the U.S. Court of Federal Claims. Payment of the contributions after the end of the tax year;...