IRS Limits

Retirement Plan Limits

Limit DescriptionIRC §20192018201720162015
Maximum Contribution - Defined Contribution Plan415(c)$56,000$55,000$54,000$53,000$53,000
Maximum Annual Benefit - Defined Benefit Plan415(b)$225,000$220,000$215,000$210,000$210,000
Salary Deferral402(g)$19,000$18,500$18,000$18,000$18,000
Catch-Up Deferral - age 50+414(v)$6,000$6,000$6,000$6,000$6,000
Plan Compensation401(a)(17)$280,000$275,000$270,000$265,000$265,000
Highly Compensated Employee414(q)$125,000$120,000$120,000$120,000$120,000
Key Employee (officer)416(i)$180,000$175,000$175,000$170,000$170,000
Social Security Taxable Wage Base401(l)$132,900$128,400$127,200$118,500$118,500
Income Limit for Saver's Tax Credit (based on filing status)
Single
Single, Head of Household
Married
25B
$30,000
$45,000
$60,000

$31,500
$47,250
$63,000

$31,000
$46,500
$62,000

$30,750
$46,125
$61,500

$30,500
$45,750
$61,000
SIMPLE's & IRA's
Limit Description
IRC §20192018201720162015
SEP/SIMPLE Annual Addition415(c)$56,000$55,000$54,000$53,000$53,000
SIMPLE Salary Deferral408(p)$13,000$12,500$12,500$12,500$12,500
SIMPLE Catch-Up Deferral - age 50+414(v)$3,000$3,000$3,000$3,000$3,000
Income Limit for Saver's Tax Credit (based on filing status)
Single
Single, Head of Household
Married
25B
$32,000
$48,000
$64,000

$31,500
$47,250
$63,000

$31,000
$46,500
$62,000

$30,750
$46,125
$61,500

$30,500
$45,750
$61,000
IRA219(b)$6,000$5,500$5,500$5,500$5,500
IRA Catch-Up - age 50+219(b)$1,000$1,000$1,000$1,000$1,000
Income Limit for Traditional IRA (based on filing status)
Single
Single, Head of Household
Married
219(g)
$74,000
$74,000
$123,000

$73,000
$73,000
$121,000

$72,000
$72,000
$119,000

$71,000
$71,000
$118,000

$71,000
$71,000
$118,000
Income Limit for Roth IRA (based on filing status)
Single
Single, Head of Household
Married
408A(c)
$137,000
$137,000
$203,000

$135,000
$135,000
$199,000

$133,000
$133,000
$196,000

$132,000
$132,000
$194,000

$131,000
$131,000
$193,000