| Limit Description | IRC § | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Catch-Up Deferral - age 50 - 59, 64+ | 414(v) | $7,500 | - | - | - | - | - | - | - |
| Catch-Up Deferral - age 60-63 | 414(v) | $11,250 | - | - | - | - | - | - | - |
| Catch-Up Deferral - age 50+ | 414(v) | - | $7,500 | $7,500 | $6,500 | $6,500 | $6,500 | $6,000 | $6,000 |
| Salary Deferral | 402(g) | $23,500 | $23,000 | $22,500 | $20,500 | $19,500 | $19,500 | $19,000 | $18,500 |
| Maximum Contribution - Defined Contribution Plan | 415(c) | $70,000 | $69,000 | $66,000 | $61,000 | $58,000 | $57,000 | $56,000 | $55,000 |
| Highly Compensated Employee | 414(q) | $160,000 | $155,000 | $150,000 | $135,000 | $130,000 | $130,000 | $125,000 | $120,000 |
| Social Security Taxable Wage Base | 401(l) | $176,100 | $168,600 | $160,200 | $147,000 | $142,800 | $137,700 | $132,900 | $128,400 |
| Key Employee (officer) | 416(i) | $230,000 | $220,000 | $215,000 | $200,000 | $185,000 | $185,000 | $180,000 | $175,000 |
| Maximum Annual Benefit - Defined Benefit Plan | 415(b) | $280,000 | $275,000 | $265,000 | $245,000 | $230,000 | $230,000 | $225,000 | $220,000 |
| Plan Compensation | 401(a)(17) | $350,000 | $345,000 | $330,000 | $305,000 | $290,000 | $285,000 | $280,000 | $275,000 |
| SIMPLE's & IRA's Limit Description | IRC § | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| SEP/SIMPLE Annual Addition | 415(c) | $70,000 | $69,000 | $66,000 | $61,000 | $58,000 | $57,000 | $56,000 | $55,000 |
| SIMPLE Salary Deferral | 408(p) | $16,500 | $16,000 | $15,500 | $14,000 | $13,500 | $13,500 | $13,000 | $12,500 |
| SIMPLE Catch-Up Deferral - age 50-59 OR 64 or older | 414(v) | $3,500 | - | - | - | - | - | - | - |
| SIMPLE Catch-Up Deferral - age 60-63 | 414(v) | $5,250 | - | - | - | - | - | - | - |
| SIMPLE Catch-Up Deferral - age 50+ | 414(v) | - | $3,500 | $3,500 | $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 | $39,500 $59,250 $79,000 | $38,250 $57,375 $76,500 | $36,500 $54,750 $73,000 | $34,000 $51,000 $68,000 | $33,000 $49,500 $66,000 | $32,500 $48,750 $65,000 | $32,000 $48,000 $64,000 | $31,500 $47,250 $63,000 |
| IRA | 219(b) | $7,000 | $7,000 | $6,500 | $6,000 | $6,000 | $6,000 | $6,000 | $5,500 |
| IRA Catch-Up - age 50+ | 219(b) | $1,000 | $1,000 | $1,000 | $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) | $79,000 $79,000 $126,000 | $77,000 $77,000 $123,000 | $73,000 $73,000 $116,000 | $78,000 $78,000 $129,000 | $76,000 $76,000 $125,000 | $75,000 $75,000 $124,000 | $74,000 $74,000 $123,000 | $73,000 $73,000 $121,000 |
| Income Limit for Roth IRA (based on filing status) Single Single, Head of Household Married | 408A(c) | $150,000 $150,000 $236,000 | $146,000 $146,000 $230,000 | $138,000 $138,000 $218,000 | $144,000 $144,000 $214,000 | $140,000 $140,000 $208,000 | $139,000 $139,000 $206,000 | $137,000 $137,000 $203,000 | $135,000 $135,000 $199,000 |
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