The IRS sets limits on how much you can contribute to retirement accounts which receive special tax benefits. The limits are $19,500 for 401(k) and as high as $26,000 for those who are fifty years old or older at the end of the year. For IRAs that are IRAs, the limits are between www.successallabout.com successallabout success all about Website success all about com $6,000 and $7,000 depending on the age of your beneficiary.

 Accounts for self-employed people also have limitations.

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