|
|
| Compensation |
$230,000 |
$225,000 |
$220,000 |
$210,000 |
| Limits on benefits and contributions: |
|
Defined contribution plans |
$46,000 |
$45,000 |
$44,000 |
$42,000 |
|
Defined benefit plans |
$185,000 |
$180,000 |
$175,000 |
$170,000 |
|
401(k), 403(b) and 457 plan elective deferrals |
$15,500 |
$15,500 |
$15,000 |
$14,000 |
|
SIMPLE plan elective deferrals |
$10,500 |
$10,500 |
$10,000 |
$10,000 |
|
IRA |
$5,000 |
$4,000 |
$4,000 |
$4,000 |
| Catch-up contributions: |
|
401(k), 403(b) and 457 plans |
$5,000 |
$5,000 |
$5,000 |
$4,000 |
|
SIMPLE plans |
$2,500 |
$2,500 |
$2,500 |
$2,000 |
|
IRA |
$1,000 |
$1,000 |
$1,000 |
$500 |
| "Highly Compensated" definition |
$105,000 |
$100,000 |
$100,000 |
$95,000 |
| "Key Employee" definition: |
|
Officer |
$150,000 |
$145,000 |
$140,000 |
$135,000 |
|
1% owner |
$150,000 |
$150,000 |
$150,000 |
$150,000 |
| Social Security: |
|
Taxable wage base |
$102,000 |
$97,500 |
$94,200 |
$90,000 |
|
Social Security tax rate |
6.20% |
6.20% |
6.20% |
6.20% |
|
Medicare tax rate |
1.45% |
1.45% |
1.45% |
1.45% |
|
Combined tax rate |
7.65% |
7.65% |
7.65% |
7.65% |
|
