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New I.R.S. Contribution Limits

New I.R.S. Contribution Limits

Changes for 2020 The I.R.S. just increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes. *Next year, you can put up to $6,000 in any type of IRA. The limit is $7,000 if you...

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Tim Hayes

Tim Hayes

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