Question: Have the IRS’ limits for 2014 Retirement Plans been released?
Answer: Many of the retirement plan annual limits are indexed for inflation. The IRS has just released the plan limits for 2014. Let’s look at those limits in some detail below.
Contribution Limits: IRA contributions are unchanged at $5,500. Catch-up contributions remain at $1,000.
Plan deferral limits are unchanged at $17,500. Catch-up contributions remain at $5,500.