ESTIMATES FOR 2021 CAPITAL GAIN AND INCOME DISTRIBUTIONS WILL BE POSTED IN THE FALL.

IRS Form 8937

To view IRS Form 8937 click here (76 KB PDF).

Tax Center

IRA Limits

IRS annual contribution limits for retirement savings accounts:

PROVISION 2020 2021
Maximum annual IRA contribution (under age 50) $6,000 $6,000
Maximum annual IRA contribution (age 50 or over) $7,000 $7,000
Maximum annual 401(k), 403(b), or 457 salary-deferral limit (under age 50) $19,500 $19,500
Maximum annual 401(k), 403(b), or 457 salary-deferral limit (age 50 or over)                                                                          $26,000 $26,000
Maximum annual additions limit under defined contribution plan $57,000 $58,000
Maximum includible compensation for computing contributions $285,000 $290,000
Maximum SIMPLE salary-deferral limit (under age 50) $13,500 $13,500
Maximum SIMPLE salary-deferral limit (age 50 or over) $16,500 $16,500
Minimum annual compensation amount for SEP participation $600 $650
Thomas O. Putnam founded Fenimore in 1974 with two passions: conduct in-depth, firsthand, independent investment research and serve investors with excellence and integrity. Today Fenimore Asset Management, manager of the FAM Funds, is nationally recognized, yet locally rooted and independently owned. Decades have passed, but our approach endures.

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