What’s New in 2019 Taxes?

Many dollar limits on IRA’s and retirement plans are higher for 2019.  The maximum 401K contribution rises to $19,000.  People born before 1970 can contribute an extra $6,000.  These limits apply to 403(b) and 457 plans as well.  The cap on Simple IRAs climbs to $13,000.  People age 50 and up can put in $3,000 more.