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Full Version: IRS Announces Limits for 2008
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Appleby
2008 limits for Roth Contributions, IRA Deductibility , Saver's Credit...
http://www.irs.gov/pub/irs-drop/rp-07-66.pdf
Appleby
Other plan limits available here http://www.irs.gov/newsroom/article/0,,id=174873,00.html
Bird
I assume the IRA limits themselves ($4,000 / $1,000) are unchanged? If it was in there I couldn't find it.
Appleby
EGTRRA took care of those up to 2010
Appleby
See http://www.retirementdictionary.com/IRA.htm for IRA limits
Bird
Thanks, I guess I completely forgot that they were on a different schedule and were not indexed for inflation until later.
Judy S
I see the basic IRA compensation limits for 2008 (Trad - 53,000/85,000/159,000 and Roth - 101,000/159,000), but what are the phase-out ranges and the maximum compensation amounts and how are they determined?
Judy S
Fantastic. Thanks so much!
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