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IRS ANNOUNCES 2012 PLAN LIMITS
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2012 |
2011 |
2010 |
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401(k) Elective
Deferrals |
$ 17,000 |
$ 16,500 |
$ 16,500 |
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Catch-Up
Contributions |
$ 5,500 |
$
5,500 |
$
5,500 |
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Defined Contribution Plan Limit |
$ 50,000 |
$ 49,000 |
$ 49,000 |
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Defined Benefit
Plan Annual Benefit Limit |
$200,000 |
$195,000 |
$195,000 |
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Compensation
Limit |
$250,000 |
$245,000 |
$245,000 |
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Top Heavy Key
Employee |
$165,000 |
$160,000 |
$160,000 |
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Highly
Compensated Employee |
$115,000 |
$110,000 |
$110,000 |
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SOCIAL SECURITY ADMINISTRATION ANNOUNCES
2012 COST OF LIVING ADJUSTMENTS
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Taxable Wage Base |
2012 |
2011 |
2010 |
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$110,100 |
$106,800 |
$106,800 |
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This material was
created to provide accurate and reliable information on the subjects
covered. It is not intended to provide specific legal, tax or other
professional advice. The services of an appropriate professional should
be sought regarding your individual situation. |
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IRS
Circular 230 disclosure: |
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These materials are
not intended to be used to avoid tax penalties, and were prepared to
support the promotion or marketing of the matters addressed in this
document. The taxpayer should seek advice from an independent tax
advisor.
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