IRS Releases 2019 Qualified Retirement Plan Amounts
IRS Releases 2019 Qualified Retirement Plan Amounts
January 07, 2019
Limit Type 2019 2018
Maximum Employee 401(K) or 403(b) Deferral $19,000 $18,500
Employee Catch-up Contributions $6,000 $6,000
Maximum Contribution to Defined Contribution Plan $56,000 $55,000
Maximum Benefit in a Defined Benefit Limit $225,000 $220,000
Annual Limit on Compensation $280,000 $275,000
Highly Compensated Employees $125,000 $120,000
Social Security Wage Base $132,900 $128,400
Annual IRA Contributions $6,000 $5,500
Traditional & Roth Catch-up Contribution $1,000 $1,000
Maximum SIMPLE IRA $13,000 $12,500
SIMPLE IRA Catch-up Contribution $3,000 $3,000

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Treasury Circular 230 Disclosure

Unless expressly stated otherwise, any federal tax advice contained in this communication is not intended or written to be used, and cannot be used or relied upon, for the purpose of avoiding penalties under the Internal Revenue Code, or for promoting, marketing, or recommending any transaction or matter addressed herein.

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