Tax-filing Information

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Contribution limits for retirement accounts

Annual contribution limits for retirement savings accounts for the 2018 and 2019 tax years, as established by the Internal Revenue Service, are listed below.

Provision Amount


2018 tax year


2019 tax year

Maximum annual IRA contribution (under age 50) $5,500 $6,000
Maximum annual IRA contribution (age 50 or over) $6,500 $7,000
Maximum annual 401(k), 403(b), or 457 salary-deferral limit (under age 50) $18,500 $19,000
Maximum annual 401(k), 403(b), or 457 salary-deferral limit (age 50 or over)* $24,500 $25,000
Maximum annual additions limit under defined contribution plan $55,000 $56,000
Maximum includible compensation for computing contributions $275,000 $280,000
Maximum SIMPLE salary-deferral limit (under age 50) $12,500 $13,000
Maximum SIMPLE salary-deferral limit (age 50 or over) $15,500 $16,000
Minimum annual compensation for determining a "highly compensated" employee (used in 401(k) nondiscrimination tests) $120,000 $125,000
Minimum annual compensation amount for SEP participation $600 $600

*Only 457(b) plans of state and local governments may allow catch-up contributions for participants who are aged 50 or older. Some plans also allow Special 457(b) catch-up contributions. Refer to your plan details for further information.

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