Tax changes / proposals - discussion

[gwraigty]

An update on proposed Senate tweaks specific to 401Ks and IRAs:

401K Contribution Limit for 2018 Increases

There doesn’t appear to be any mention of changes to 401Ks/IRAs in the amended version of the House bill. However, a link to the Senate bill amendments (of which there are 355) does mention changes to them. Specific items of interest are: Hatch Amendment #2 to Chairman’s mark of “Tax Cuts and Jobs Act.” Cosponsors: Short Title: An amendment to the catch up contribution rules for section 401(k), 403(b) and 457)(b) retirement savings plans. Description of Amendment: This amendment would requ…