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Cost-of-living Adjustments Increases for Dollar Limitations on Benefits and Contributions

Posted by Admin Posted on Nov 02 2018
  2019 2018 2017
IRAs
IRA Contribution Limit $6,000 $5,500 $5,500
IRA Catch-Up Contributions $1,000 $1,000 $1,000
IRA AGI Deduction Phase-out Starting at
Joint Return $103,000 $101,000 $99,000
Single or Head of Household $64,000 $63,000 $62,000
SEP
SEP Minimum Compensation $600 $600 $600
SEP Maximum Contribution $56,000 $55,000 $54,000
SEP Maximum Compensation $280,000 $275,000 $270,000
SIMPLE Plans
SIMPLE Maximum Contributions $13,000 $12,500 $12,500
Catch-up Contributions $3,000 $3,000 $3,000
401(k), 403(b), Profit-Sharing Plans, etc.
Annual Compensation $280,000 $275,000 $270,000
Elective Deferrals $19,000 $18,500 $18,000
Catch-up Contributions $6,000 $6,000 $6,000
Defined Contribution Limits $56,000 $55,000 $54,000
Employee Stock Ownership Plan Limits $1,130,000 $1,105,000 $1,080,000
  $225,000 $220,000 $215,000
Other
High Compensated Employee Threshold $125,000 $120,000 $120,000
Defined Benefit Limits $225,000 $220,000 $215,000
Key Employee $180,000 $175,000 $175,000
457 Elective Deferrals $19,000 $18,500 $18,000
Control Employee (board member or officer) $110,000 $110,000 $105,000
Control Employee (compensation-based) $225,000 $220,000 $215,000
Taxable Wage Base $132,900 $128,400 $127,200