IRS and Social Security Cost-Of-Living Adjustments for 2006 - 2008
Code Section |
2008 |
2007 |
2006 |
Elective Deferrals
402(g)(1) Catch-up 414(v)(2)(B)(i) |
15,500 5,000 |
15,500 5,000 |
15,000 5,000 |
457 Plan Deferrals 457(e)(15) Catch-up |
15,500 5,000 |
15,500 5,000 |
15,000 5,000 |
SIMPLE Deferrals 408(p)(2)(E) Catch-up 414(v)(2)(B)(ii) |
10,500 2,500 |
10,500 2,500 |
10,000 2,500 |
DC Plan Annual Additions Limit |
46,000 |
45,000 |
44,000 |
DB Plan Limit on Annual Benefits 415(b)(1)(A) |
185,000 |
180,000 |
175,000 |
Compensation Limit Section 401(a)(17) / 404(I) |
230,000 |
225,000 |
220,000 |
Highly Compensated Employee Compensation 414(q)(1)(C) |
105,000 |
100,000 |
100,000 |
Compensation Defining Key Employee (Officer) 416(l)(1)(A)(i) |
150,000 |
145,000 |
140,000 |
SEP Annual Compensation Triggering a Contribution 408(k)(2)(c) |
500 |
500 |
450 |
SEP Maximum Compensation 408(k)(3)(c) |
230,000 |
225,000 |
220,000 |
IRA Contribution IRA Catch-up |
5,000 1,000 |
4,000 1,000 |
4,000 1,000 |
Social Security Wage Base |
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| Social Security Taxable Wage Base |
$102,000 |
$97,500 |
$94,200 |
Pension Benefit Guarantee Corporation |
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Maximum Monthly Benefit |
$4,312.50 |
$4,125.00 |
$3,971.59 |
10-18-07 IRS 2008 COLA; Information Release 2007-171 10-17-07 Social Security Taxable Wage Base for 2008 is $102,000 10-18-06 IRS 2007 COLA; Information Release 2006-162 10-18-06 Social Security Taxable Wage Base for 2007 is $97,500 |
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