The IRS has just released their updated contribution limits for tax deferred savings plans for next year. Since there has been no appreciable inflation for the past year, the contribution limits remain the same as last year, although some of the income thresholds have changed. If you want to begin planning for your 2016 contributions or to maximize your 2017 tax deferred savings, the attached chart will give you the amounts you can contribute and any applicable income limitations for this year and next. Click for chart of Maximum Contribution Limits for 2017.
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