| Type of Limitation |
2008 |
2007 |
2006 |
2005 |
2004 |
| Elective Deferrals (401(k), 403(b), etc.) |
$15,500 |
$15,500
|
$15,000 |
$14,000 |
$13,000 |
| Catch-Up Contributions to 401(k), 403(b),
457 plans for age 50 or older |
$5,000 |
$5,000 |
$5,000 |
$4,000 |
$3,000 |
| Defined Benefit Plans Annual Benefit Limit |
$185,000 |
$180,000 |
$175,000 |
$170,000 |
$165,000 |
Defined Contribution Plans
Annual Additions Limit
|
$46,000 |
$45,000 |
$44,000 |
$42,000 |
$41,000 |
| Annual Compensation Limit |
$230,000 |
$225,000
|
$220,000 |
$210,000 |
$205,000 |
| 457(b)(2) and 457(c)(1) Limits |
$15,500 |
$15,500 |
$15,000 |
$14,000 |
$13,000 |
| Highly Compensated Definition |
$105,000 |
$100,000 |
$100,000 |
$95,000 |
$90,000 |
| SIMPLE Retirement Accounts Elective Deferral |
$10,500 |
$10,500 |
$10,000 |
$10,000 |
$9,000 |
| Catch-Up Contributions to SIMPLE plan for
age 50 or older |
$2,500 |
$2,500 |
$2,500 |
$2,000 |
$1,500 |
| SEP Coverage |
$500 |
$450 |
$450 |
$450 |
$450 |
| SEP Compensation |
$230,000 |
$225,000 |
$220,000 |
$210,000 |
$205,000 |
| Income Subject to Social Security Tax |
$102,000 |
$97,500 |
$94,200 |
$90,000 |
$87,900 |
| FICA Tax for employees and employers |
7.65% |
7.65% |
7.65% |
7.65% |
7.65% |
| Social Security Tax for employees and employers |
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% |
| FICA Tax for self-employed workers |
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% |
| Medicare Tax for self-employed workers |
2.9% |
2.9% |
2.9% |
2.9% |
2.9% |
|
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