Now is the time to submit your annual deduction changes for the Tax-Deferred Annuity Plans. The IRS tax deferred annuity limits for the 2011 calendar year are below. Pay close attention to the limits for your age group.
2011 Tax-Deferred Annuity Plan Limits
- If you are under age 50, the maximum is $16,500
- If you are age 50 & older, the maximum is $22,000
The 2011 IRS limits for Plans 403(b) and 457(b) remain the same.
Contact Central Office Human Resources or your plan representative directly to complete the 2011 Salary Reduction Agreement forms.