Now is the time to submit your annual deduction changes for the Tax-Deferred Annuity Plans. The IRS tax deferred annuity limits for the 2012 calendar year are below. Pay close attention to the limits for your age group.
2012 Tax-Deferred Annuity Plan Limits
- If you are under age 50, the maximum is $17,000
- If you are age 50 and older, the maximum is *$22,000
*The 2012 IRS limits for employees age 50 and older remain unchanged.
Contact Central Office Human Resources or your plan representative directly to complete the 2012 Salary Reduction Agreement forms.