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IRS and Social Security Cost-Of-Living Adjustments for 2007-2012
|
Code Section |
2012 |
2011-2009 |
2008 |
2007 |
Elective Deferrals 402(g)(1)
Catch-up 414(v)(2)(B)(i) |
$17,000
$5,500 |
$16,500
$5,500 |
$15,500
$5,000 |
$15,500
$5,000 |
457 Plan Deferrals 457(e)(15)
Catch-Up |
$17,000
$5,500 |
$16,500
$5,500 |
$15,500
$5,000 |
$15,500
$5,000 |
SIMPLE Deferrals 408(p)(2)(E)
Catch-up 414(v)(2)(B)(ii) |
$11,500
$2,500 |
$11,500
$2,500 |
$10,500
$2,500 |
$10,500
$2,500 |
DC Plan Annual Additions Limit
415(c)(1)(A) |
$50,000 |
$49,000 |
$46,000 |
$45,000 |
DB Plan Limit on Annual Benefits
415(b)(1)(A) |
$200,000 |
$195,000 |
$185,000 |
$180,000 |
Compensation Limit
Section 401(a)(17)/404(I) |
$250,000 |
$245,000 |
$230,000 |
$225,000 |
Highly Compensated Employee Compensation 414(q)(1)(C) |
$115,000 |
$110,000 |
$105,000 |
$100,000 |
Compensation Defining Key Employee (Officer)
416(I)(1)(A)(i) |
$165,000 |
$160,000 |
$150,000 |
$145,000 |
SEP Annual Compensation Triggering a Contribution
408(k)(2)(c) |
$550 |
$550 |
$500 |
$500 |
SEP Maximum Compensation
408(k)(3)(c) |
$250,000 |
$245,000 |
$230,000 |
$225,000 |
IRA Contribution
IRA Catch-up 219(b)(5)(A) |
$5,000
$1,000 |
$5,000
$1,000 |
$5,000
$1,000 |
$4,000
$1,000 |
Social Security Wage Base |
Social Security Taxable Wage Base
(SSTWB) |
$110,100 |
$106,800 |
$102,000 |
$97,500 |
Pension Benefit Guarantee Corporation |
Maximum Monthly Benefit |
$4,653.41 |
$4,500.00 |
$4,312.50 |
$4,125.00 |
INDIVIDUAL RETIREMENT ACCOUNTS 2007-2012
|
IRA Limits |
2012 |
2011 |
2010 |
2009 |
2008 |
2007 |
IRA Contribution
IRA Catch-up 219(b)(5)(A) |
$5,000
$1,000 |
$5,000
$1,000 |
$5,000
$1,000 |
$5,000
$1,000 |
$5,000
$1,000 |
$4,000
$1,000 |
Traditional IRA Deduction Phaseout Ranges Related to Adjusted Gross Income (AGI)
|
| Single taxpayers (other than married filing a joint return) |
$58,000 -
$68,000 |
$56,000 - $66,000 |
$56,000 - $66,000 |
$55,000 - $65,000 |
$53,000 - $63,000 |
$52,000 - $62,000 |
Active participants filing a joint return (or are qualified widows or widowers) |
$92,000 -
$112,000 |
$90,000 - $110,000 |
$89,000 - $109,000 |
$89,000 - $109,000 |
$85,000 - $105,000 |
$83,000 - $103,000 |
Non-active participants but whose spouses are active |
$173,000 -
$183,000 |
$169,000 - $179,000 |
$167,000 - $177,000 |
$166,000 - $176,000 |
$159,000 - $169,000 |
$156,000 - $166,000 |
Roth IRA Eligibility Phaseout Ranges |
Single taxpayers (other than married filing a joint return) |
$110,000 -
$125,000 |
$107,000 - $122,000 |
$105,000 - $120,000 |
$105,000 - $120,000 |
$101,000 - $116,000 |
$99,000 - $114,000 |
Married participants filing a joint return (or qualified widows or widowers) |
$173,000 -
$183,000 |
$169,000 - $179,000 |
$167,000 - $177,000 |
$166,000 - $176,000 |
$159,000 - $169,000 |
$156,000 - $166,000 |
IRS COLA TABLE 1989-2012
2012
10/20/11 IRS 2012 COLA; Information Release 2011-103
10/19/11 Social Security Taxable Wage Base for 2012 is $110,100
2011
10/28/10 IRS 2011 COLA; Information Release 2010-108
10/15/10 Social Security Taxable Wage Base for 2011 is $106,800
2010
10/15/09 IRS 2010 COLA; Information Release 2009-94
10/15/09 Social Security Taxable Wage Base for 2010 is $106,800
2009
11/03/08 PBGC Announces Annual Maximum Benefit
10/22/08 Notice 08-102 2009 Limitations Adjusted As Provided in Section 415(d), etc.
10/17/08 IRS Rev. Proc. 2008-66
10/16/08 IRS 2009 COLA; Information Release 2008-118
10/16/08 Social Security Taxable Wage Base for 2009 is $106,800
2008
10/18/07 IRS 2008 COLA; Information Release 2007-171
10/17/07 Social Security Taxable Wage Base for 2008 is $102,000
2007
10/18/06 IRS 2007 COLA; Information Release 2006-162
10/18/06 Social Security Taxable Wage Base for 2007 is $97,500
Prior Chart from 2002-2006
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