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Sandusky, Ohio Office
422 West Market Street
Sandusky, OH 44870
419-625-4942
866-293-2727
FAX: 419-625-7120
MAP

Norwalk, Ohio Office
257 Benedict Avenue, Building D
Norwalk, OH 44857
419-668-2552
800-860-0152
FAX: 419-663-3637
MAP

Monday–Friday: 8 am – 5 pm
   
Fridays from May 1 through
Labor Day we close at noon.

Fridays from September 6 through November 1 we close at 3 pm

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CPAs Net

IRS Releases 2019 Qualified Retirement Plan Amounts 

January 07, 2019
Payne, Nickles & Company

 

 

Limit Type 2019 2018
Maximum Employee 401(K) or 403(b) Deferral $19,000 $18,500
Employee Catch-up Contributions $6,000 $6,000
Maximum Contribution to Defined Contribution Plan $56,000 $55,000
Maximum Benefit in a Defined Benefit Limit
$225,000 $220,000
Annual Limit on Compensation  $280,000 $275,000
Highly Compensated Employees
$125,000 $120,000
Social Security Wage Base
$132,900 $128,400
Annual IRA Contributions $6,000 $5,500
Traditional & Roth Catch-up Contribution $1,000 $1,000
Maximum SIMPLE IRA $13,000 $12,500
SIMPLE IRA Catch-up Contribution
$3,000 $3,000

 


Call our office for questions or additional information.



419-625-4942     419-668-2552
Sandusky                             Norwalk
 


  

Treasury Circular 230 Disclosure

Unless expressly stated otherwise, any federal tax advice contained in this communication is not intended or written to be used, and cannot be used or relied upon, for the purpose of avoiding penalties under the Internal Revenue Code, or for promoting, marketing, or recommending any transaction or matter addressed herein.