|
|
 |
| Traditional and Roth IRA Contribution Limits Plus Catch-Up |
| 2005 |
$4,000 $500 |
| 2006 |
$4,000 $1,000 |
| 2007 |
$4,000 $1,000 |
| 2008 |
$5,000 $1,000 |
SIMPLE IRA Deferral Limit Plus Catch-Up |
| 2005 |
$10,000 $2,000 |
| 2006 |
$10,000 $2,500 |
| 2007 |
$10,500 $2,500 |
| 2008 |
$10,500 $2,500 |
IRC 402(g) Deferral Limit Plus Catch-Up |
| 2005 |
$14,000 $4,000 |
| 2006 |
$15,000 $5,000 |
| 2007 |
$15,500 $5,000 |
| 2008 |
$15,500 $5,000 |
IRC 415 Limit Annual Additions Limit |
| 2005 |
$42,000 |
| 2006 |
$44,000 |
| 2007 |
$45,000 |
| 2008 |
$46,000 |
Compensation Cap |
| 2005 |
$210,000 |
| 2006 |
$220,000 |
| 2007 |
$225,000 |
| 2008 |
$230,000 |
Highly Compensated Employee |
| 2005 |
$95,000 |
| 2006 |
$100,000 |
| 2007 |
$100,000 |
| 2008 |
$105,000 |
SEP Eligibility |
| 2005 |
$450 |
| 2006 |
$450 |
| 2007 |
$500 |
| 2008 |
$500 |
Taxable Wage Base |
| 2005 |
$90,000 |
| 2006 |
$94,200 |
| 2007 |
$97,500 |
| 2008 |
$102,000 |
| Traditional IRA Contribution Deduction Modified Adjusted Gross Income (MAGI) Phase-Out Ranges |
| Single, Active Participant (2007) |
$52,000 |
$62,000 |
| Single, Active Participant (2008) |
$53,000 |
$63,000 |
| Married, Active Participant, Filing a Joint Federal Income Tax Return (2007) |
$83,000 |
$103,000 |
| Married, Active Participant, Filing a Joint Federal Income Tax Return (2008) |
$85,000 |
$105,000 |
| Married, Active Participant, Filing a Separate Federal Income Tax Return (2007) |
$0 |
$10,000 |
| Married, Active Participant, Filing a Separate Federal Income Tax Return (2008) |
$0 |
$10,000 |
| Spouse is an Active Participant (2007) |
$156,000 |
$166,000 |
| Spouse is an Active Participant (2008) |
$159,000 |
$169,000 |
Roth IRA Contribution Eligibility Modified Adjusted Gross Income (MAGI) PHase-Out Ranges (2007) |
| Single Individuals (2007) |
$99,000 |
$114,000 |
| Single Individuals (2008) |
$101,000 |
$116,000 |
| Married, Filing a Joint Federal Income Tax Return (2007) |
$156,000 |
$166,000 |
| Married, Filing a Joint Federal Income Tax Return (2008) |
$159,000 |
$169,000 |
| Married, Filing a Separate Income Tax Return (2007) |
$0 |
$10,000 |
| Married, Filing a Separate Income Tax Return (2008) |
$0 |
$10,000 |
| Saver's Tax Credit Modified Adjusted Gross Income (2007) |
Joint Return |
Head of Household |
All Other Cases |
|
| Over |
Not Over |
Over |
Not Over |
Over |
Not Over |
Applicable Percentage |
| $0 |
$31,000 |
$0 |
$23,250 |
$0 |
$15,500 |
50% |
| $31,000 |
$34,000 |
$23,250 |
$25,500 |
$15,500 |
$17,000 |
20% |
| $34,000 |
$52,000 |
$25,500 |
$39,000 |
$17,000 |
$26,000 |
10% |
| $52,000 |
|
$39,000 |
|
$26,000 |
|
0% |
| Saver's Tax Credit Modified Adjusted Gross Income (2008) |
Joint Return |
Head of Household |
All Other Cases |
|
| Over |
Not Over |
Over |
Not Over |
Over |
Not Over |
Applicable Percentage |
| $0 |
$32,000 |
$0 |
$24,000 |
$0 |
$16,000 |
50% |
| $32,000 |
$34,500 |
$24,000 |
$25,875 |
$16,000 |
$17,250 |
20% |
| $34,500 |
$53,000 |
$25,875 |
$39,750 |
$17,250 |
$26,500 |
10% |
| $53,000 |
|
$39,750 |
|
$26,500 |
|
0% |
| Health Savings Account Income Limits |
| High Deductible Health Plan |
| |
Deductible |
Out-of-Pocket Expense Cap |
| Self-Only Coverage |
At Least $1,100 (2008)
or $1,150 (2009) |
Not to Exceed $5,600 (2008)
or $5,800 (2009) |
| Family Coverage |
At Least $2,200 (2008)
or $2,300 (2009) |
Not to Exceed $11,200 (2008)
or $11,600 (2009) |
| Contribution Limit Plus Catch-Up |
| Self-Only Coverage |
$2,900 (2008)
$3,000 (2009) |
$900 (2008)
$1,000 (2009) |
| Family Coverage |
$5,800 (2008)
$5,950 (2009)
|
$900 (2008)
$1,000 (2009) |
|
|
|
