IRS Announces Higher 2019 Retirement Plan Contribution Limits For 401(k)s And More
Those contributing to 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan will be able to boost their contribution from $18,500 to $19,000.
IRA contributions, not raised since 2013, will now be $6,000, up from $5,500. However, catch-up contributions for workers age 50 and over remain the same at $1,000.
For full details, check out the IRS Notice here.