Annual Limits

Key Annual and Lifetime Limits / Exclusions for 2021

• 401(k) Contribution Limit: $19,500 by employee ($26,500 if 50+)

• IRA Contribution Limit: $6,000 ($7,000 if 50+)

• Annual Gift Tax Exclusion: $15,000/individual per done or $30,000 per married couple

• Gifts to Non-US Citizen Spouse: $159,000

• Estate, Gift & GST Tax Exclusions: $11.7 million per donor or $23.4 million per married couple

If you are in the position to max these limits and haven't, let's have a chat.