Type of Plan
|
Amount
|
| Individual Retirement Accounts contribution limit - All IRAs* |
$6,000 |
| Section 401(k) plan or SAR-SEP* |
$19,000 |
| Section 403(b) plan |
$19,000 |
| Section 408(p)(2)(A) SIMPLE contribution* |
$13,000 |
| Section 457(b)(2) limit |
$19,000 |
| Section 415 limit for: |
| Defined contribution plans |
$56,000 |
| Defined benefit plans |
$225,000 |
| Highly compensated employees Section 414(q) |
$125,000 |
| FICA taxable wage base Social security (tax rate 6.20% for employees; 12.40% for self-employed) |
$132,900 |
| Medicare (tax rate 1.45% for employees; 2.90% for self-employed) |
No limit |
Age 50 additional contributions
|
| Type of Plan |
Amount |
| 401(k) type plans |
$6,000 |
| SIMPLE plans |
$3,000 |
| IRAs |
$1,000 |
|
