| Type of Limitation |
2012 |
2011 |
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
2003 |
2002 |
2001 |
Elective Deferrals (401(k), 403(b), etc.)
|
$17,000 |
$16,500 |
$16,500 |
$15,500 |
$15,500 |
$15,500
|
$15,000 |
$14,000 |
$13,000 |
$12,000 |
$11,000 |
$10,500 |
| Catch-Up Contributions to 401(k), 403(b),
457 plans for age 50 or older |
$5,500 |
$5,500 |
$5,500 |
$5,500 |
$5,000 |
$5,000 |
$5,000 |
$4,000 |
$3,000 |
$2,000 |
$1,000 |
N/A |
| Defined Benefit Plans Annual Benefit Limit |
$200,000 |
$195,000 |
$195,000 |
$195,000 |
$185,000 |
$180,000 |
$175,000 |
$170,000 |
$165,000 |
$160,000 |
$160,000 |
$140,000 |
Defined Contribution Plans
Annual Additions Limit
|
$50,000 |
$49,000 |
$49,000 |
$49,000 |
$46,000 |
$45,000 |
$44,000 |
$42,000 |
$41,000 |
$40,000 |
$40,000 |
$35,000 |
Annual Compensation Limit
|
$250,000 |
$245,000 |
$245,000 |
$245,000 |
$230,000 |
$225,000
|
$220,000 |
$210,000 |
$205,000 |
$200,000 |
$200,000 |
$170,000 |
457(b)(2) and 457(c)(1) Limits
|
$17,000 |
$16,500 |
$16,500 |
$16,500 |
$15,500 |
$15,500 |
$15,000 |
$14,000 |
$13,000 |
$12,000 |
$11,000 |
$8,500 |
Highly Compensated Definition
|
$115,000 |
$110,000 |
$110,000 |
$110,000 |
$105,000 |
$100,000 |
$100,000 |
$95,000 |
$90,000 |
$90,000 |
$90,000 |
$85,000 |
| SIMPLE Retirement Accounts Elective Deferral |
$11,500 |
$11,500 |
$11,500 |
$11,500 |
$10,500 |
$10,500 |
$10,000 |
$10,000 |
$9,000 |
$8,000 |
$7,000 |
$6,500 |
| Catch-Up Contributions to SIMPLE plan for
age 50 or older |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,500 |
$2,000 |
$1,500 |
$1,000 |
$500 |
N/A |
SEP Coverage
|
$550 |
$550 |
$550 |
$550 |
$500 |
$450 |
$450 |
$450 |
$450 |
$450 |
$450 |
$450 |
SEP Compensation
|
$250,000 |
$245,000 |
$245,000 |
$245,000 |
$230,000 |
$225,000 |
$220,000 |
$210,000 |
$205,000 |
$200,000 |
$200,000 |
$170,000 |
Income Subject to Social Security Tax
|
$110,100 |
$106,800 |
$106,800 |
$106,800 |
$102,000 |
$97,500 |
$94,200 |
$90,000 |
$87,900 |
$87,000 |
$84,900 |
$80,400 |
| FICA Tax for employees and employers |
7.65% |
7.65% |
7.65% |
7.65% |
7.65% |
7.65% |
7.65% |
7.65% |
7.65% |
7.65% |
7.65% |
7.65% |
| Social Security Tax for employees and employers |
6.2% |
4.2% EE
6.2% ER |
6.2% |
6.2% |
6.2% |
6.2% |
6.2% |
6.2% |
6.2% |
6.2% |
6.2% |
6.2% |
| Medicare Tax for employees and employers |
1.45% |
1.45% |
1.45% |
1.45% |
1.45% |
1.45% |
1.45% |
1.45% |
1.45% |
1.45% |
1.45% |
1.45% |
FICA Tax for self-employed workers
|
15.3% |
15.3% |
15.3% |
15.3% |
15.3% |
15.3% |
15.3% |
15.3% |
15.3% |
15.3% |
15.3% |
15.3% |
| Social Security Tax for self-employed workers |
12.4% |
12.4% |
12.4% |
12.4% |
12.4% |
12.4% |
12.4% |
12.4% |
12.4% |
12.4% |
12.4% |
12.4% |
| Medicare Tax for self-employed workers |
2.9% |
2.9% |
2.9% |
2.9% |
2.9% |
2.9% |
2.9% |
2.9% |
2.9% |
2.9% |
2.9% |
2.9% |
|
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