在2024年 税 year right around the corner, there’s good news coming from the 国税局. According to a recent announcement from the 税 agency (Notice 2023-75), there will be increases to retirement plan contributions next year due to inflation adjustments.
Here’s a rundown of some of the changes:
Contributions to 401(k) 和 403(b) Plans. Taxpayers will be able to contribute up to $23,000 in 2024, up from $22,500 in 2023. The catch-up contribution amount for those age 50 和 older will remain $7,500.
ira. The limit on annual contributions to traditional 和 Roth ira will increase to $7,000 in 2024, 从6美元开始,500 in 2023. The extra catch-up contribution for those age 50 和 older will remain $1,000.
Phase-out amounts for traditional ira. The deduction for 税payers making contributions to a traditional IRA will phase out in 2024 for singles who are covered by a workplace retirement plan 和 have modified adjusted gross incomes (AGI) between $77,000元及87元,000, 73美元起价,000元及83元,000 in 2023.
适用于已婚夫妇共同申请, in which the spouse who makes the IRA contribution is covered by a workplace retirement plan, the 2024 income phase-out range will be $123,000 to $143,000, 从116美元上涨,000 to $136,000 in 2023.
For an IRA contributor who isn’t covered by a workplace retirement plan 和 is married to someone who is covered, the deduction will phase out in 2024 if the couple’s income is between $230,000元及240元,000, 从218美元上涨,000元及228元,000 in 2023. For a married individual filing a separate return who is covered by a workplace retirement plan, the phase-out range isn’t subject to an annual cost-of-living adjustment 和 remains $0 to $10,000.
罗斯个人退休账户的逐步淘汰金额. The 2024 AGI phase-out range for married couples filing jointly 和 making contributions to a Roth IRA will be $230,000 to $240,000, 从218美元上涨,000 to $228,000 in 2023.
单一纳税人, the 2024 income phase-out range will be $146,000 to $161,000, 从138美元上涨,000 to $153,000 in 2023. For a married individual filing a separate return, the phase-out range isn’t subject to an annual cost-of-living adjustment 和 will remain $0 to $10,000.
The 2024 AGI limit for the saver’s credit (也被称为 退休储蓄供款信贷) for low 和 moderate-income workers will be $76,已婚夫妇共同申请500英镑, 73美元起价,000 in 2023. 对于户主来说, 是57美元,375, 从54美元起,750; 和 for married individuals filing separately 和 for singles, 是38美元,250, 从36美元上涨,500.
Here are some other 2024 retirement plan amounts, as compared with 2023:
| 合资格图则限制 | 2024 | 2023 |
| Defined Contribution Plan Dollar limit on additions on Sections 415(c)(1)(A) | $69,000 | $66,000 |
| The limitation on the annual benefit under a defined benefit plan under Section 415(b)(1)(A) | $275,000 | $265,000 |
| Annual compensation limit under Sections 401(a)(17), 404(l), 408(k)(3)(C) 和 408(k)(6)(D)(ii) | $345,000 | $330,000 |
| SIMPLE deferrals under Section 408(p)(2)(E) | $16,000 | $15,500 |
| SIMPLE catch-up contributions for those age 50 和 older | $3,500 | $3,500 |
| Compensation defining highly compensated employee under Section 414(q)(1)(B) | $155,000 | $150,000 |
| Compensation defining key employee in a top-heavy plan under Section 416(i)(1)(A)(i) | $220,000 | $215,000 |
| Compensation triggering Simplified Employee Pension contribution requirement under Section 408(k)(2)(C) | $750 | $750 |
Please contact Richard Morris via our online 触点形式 了解更多信息.
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