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Old 02-06-2015 | 06:15 PM
  #6  
Shaggy1970
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Joined: Nov 2006
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From: On Food Stamps
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The correct limit for 2014 is 260K and 265K for 2015.

"The Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. Code §415 requires the limits to be adjusted annually for cost-of-living increases. The IRS announced on October 31, 2013 cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2014."
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