Broker Check

IRS Limits

COLA Dollar Limitations on Benefits and Contributions

 

2018

2017

2016

IRAs

IRA Contribution Limit

$5,500

$5,500

$5,500

IRA Catch-Up Contributions

1,000

1,000

1,000

IRA AGI Deduction Phase-out Starting at

Joint Return

101,000

99,000

98,000

Single or Head of Household

63,000

62,000

61,000

SEP

SEP Minimum Compensation

600

600

600

SEP Maximum Contribution

55,000

54,000

53,000

SEP Maximum Compensation

275,000

270,000

265,000

SIMPLE Plans

SIMPLE Maximum Contributions

12,500

12,500

12,500

Catch-up Contributions

3,000

3,000

3,000

401(k), 403(b), Profit-Sharing Plans, etc.

Annual Compensation

275,000

270,000

265,000

Elective Deferrals

18,500

18,000

18,000

Catch-up Contributions

6,000

6,000

6,000

Defined Contribution Limits

55,000

54,000

53,000

ESOP Limits

1,105,000

220,000

1,080,000

215,000

1,070,000

210,000

Other

HCE Threshold

120,000

120,000

120,000

Defined Benefit Limits

220,000

215,000

210,000

Key Employee

175,000

175,000

170,000

457 Elective Deferrals

18,500

18,000

18,000

Control Employee (board member or officer)

110,000

105,000

105,000

Control Employee (compensation-based)

220,000

215,000

215,000

Taxable Wage Base

128,400

127,200

118,500

http://www.irs.gov/Retirement-Plans/COLA-Increases-for-Dollar-Limitations-on-Benefits-and-Contributions