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.
- Limits by plan type (IRA, 401(k), SEP, SIMPLE IRA, 403(b), 457(b), defined benefit)
- 2019 cost-of-living adjustments for pension plans and retirement-related items (IR-2018-211)
- COLA Table for prior years’ dollar limitations and Internal Revenue Code referen
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2019 |
2018 |
2017 |
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|
IRAs |
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| IRA Contribution Limit |
$6,000 |
$5,500 |
$5,500 |
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| IRA Catch-Up Contributions |
1,000 |
1,000 |
1,000 |
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|
IRA AGI Deduction Phase-out Starting at |
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| Joint Return |
103,000 |
101,000 |
99,000 |
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| Single or Head of Household |
64,000 |
63,000 |
62,000 |
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|
SEP |
|||||
| SEP Minimum Compensation |
600 |
600 |
600 |
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| SEP Maximum Contribution |
56,000 |
55,000 |
54,000 |
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| SEP Maximum Compensation |
280,000 |
275,000 |
270,000 |
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|
SIMPLE Plans |
|||||
| SIMPLE Maximum Contributions |
13,000 |
12,500 | 12,500 | ||
| Catch-up Contributions |
3,000 |
3,000 |
3,000 |
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|
401(k), 403(b), Profit-Sharing Plans, etc. |
|||||
| Annual Compensation |
280,000 |
275,000 |
270,000 |
||
| Elective Deferrals |
19,000 |
18,500 |
18,000 |
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| 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 |
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|
Other |
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| HCE Threshold |
125,000 |
120,000 |
120,000 |
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| Defined Benefit Limits |
225,000 |
220,000 |
215,000 |
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| Key Employee |
180,000 |
175,000 |
175,000 |
||
| 457 Elective Deferrals |
19,000 |
18,500 |
18,000 |
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| Control Employee (board member or officer) |
110,000 |
110,000 |
105,000 |
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| Control Employee (compensation-based) |
225,000 |
220,000 |
215,000 |
||
| Taxable Wage Base |
132,900 |
128,400 |
127,200 |
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