by Michael W. Blitstein, CPA Internal Revenue Service has announced the following limitations for 2012 retirement plans: Employee Deferrals: IRA account – 100% of earned income up to $5,000; age 50 and older catch up $1,000 SIMPLE – 100% of earned income up to $11,500; age 50 and older catch up $2,500 401(k) – $17,000; age 50 and […]