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For you and your family
Standard mileage and other information

Forms and Instructions

Individual Tax Return
Instructions for Form 1040
Request for Taxpayer Identification Number (TIN) and Certification
Request for Transcript of Tax Return

 

Employee's Withholding Allowance Certificate
Employer's Quarterly Federal Tax Return
Employers engaged in a trade or business who pay compensation
Installment Agreement Request

Popular For Tax Pros

Amend/Fix Return
Apply for Power of Attorney
Apply for an ITIN
Rules Governing Practice before IRS

COLA Increases for Dollar Limitations on Benefits and Contributions

The tax law places limits on the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. IRC Section 415 requires the limits to be adjusted annually for cost-of-living increases. 


 

  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
ESOP Limits

1,130,000

225,000

1,105,000

220,000

1,080,000

215,000

Other

HCE 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