For the 2010 tax year, the Internal Revenue Service (IRS) kept many contribution limits for tax-advantaged accounts unchanged from 2009 due to a lack of cost-of-living increases. However, some Health Savings Account (HSA) limits and income eligibility thresholds for IRAs saw slight adjustments.
The standard elective deferral limits for most employer-sponsored plans remained steady for 2010. IRS Announces Pension Plan Limitations for 2010 Tax Savings Account Limit For 2010