View Page As PDF
Share Button
Tweet Button
On Oct. 19, 2017, the IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2018 tax year. The limits are based upon the Social Security cost-of-living increases. Some of the limits remain the same, however many of them have changed.


2017  2018
401(k),403(b) and 457(b) deferral limits     $18,000  $18,500
401(k) and 403(b) catch-up deferral limits     $6,000 $6,000
Annual limitation on compensation  $270,000 $275,000
Defined contribution limitation     $54,000 $55,000
Defined benefit limitation
 $215,000 $220,000
Highly compensated employee compensation threshold       $120,000 $120,000
Key employee compensation - officer threshold  $175,000 $175,000
SIMPLE deduction $12,500     $12,500
SIMPLE catch-up contribution  $3,000 $3,000
IRA contribution limit 
 $5,500  $5,500
IRA catch-up contribution limit  $1,000  $1,000
Social Security wage base  $127,200  $128,700

For more information or if you have questions, please contact one of the attorneys listed below.
COMMENT
+