IRS Announces 2017 Income Caps and Contribution Limits for Retirement Plans

Eligible taxpayers can benefit from contributions to IRAs, Roth accounts and certain other retirement plans. Benefits can include tax deductions, tax-free compounded growth and tax deferral. Contribution limits are phased out when income reaches an indexed range. Beginning January 1, 2017, the phase-out ranges have been increased to allow more people to contribute. For more [...]