IRS Announces Deferral Limit Increase
 
IRS Announces Deferral Limits Increase
 
 
Your employees can defer more into their Ohio Deferred Compensation account in 2015 as the Internal Revenue Service recently announced that employees' annual deferral limits will increase.

The 2015 limits are:

 
Regular Deferral Limit
$18,000
Age 50-Plus Deferral Limit
$24,000
Catch-up Deferral Limit
$36,000
 
 
If your payroll system monitors these limits, be sure to update your system in January.