Pension plan limitations
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Section 25B: Retirement savings contribution credit
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2012 |
2013 |
|||||
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Maximum amount |
$800 MFJ $400 Everyone else |
$800 MFJ $400 Everyone else |
$800 MFJ $400 Everyone else |
$1,000 MFJ $500 Everyone else |
|
|
| Maximum salary then credit phase out |
$53,000 MFJ $39,750 HH $26,500 Everyone else |
$55,500 MFJ $41,625 HH $27,750 Everyone else |
$55,500 MFJ $41,625 HH $27,750 Everyone else |
$56,500 MFJ $42,375 HH $28,250 Everyone else |
219: IRA
|
2012 |
2013 |
|||||
|
Maximum amount |
$5,000 $6,000 if 50 or over |
$5,000 $6,000 if 50 or over |
$5,000 $6,000 if 50 or over |
$5,000 $6,000 if 50 or over |
|
|
| Maximum salary then deduction phase out |
$85,000 MFJ or Widow $159,000 MFJ only one spouse participates $53,000 |
$89,000 MFJ or Widow. $166,000 MFJ only one spouse participates. $55,000 Everyone else except MFS |
$89,000 MFJ or Widow. $167,000 MFJ only one spouse participates. $56,000 Everyone else except MFS |
$90,000 MFJ or Widow. $169,000 MFJ only one spouse participates. $56,000 Everyone else except MFS
|
408A: Roth IRA
|
2012 |
2013 |
|||||
|
Maximum amount |
$5,000 $6,000 if 50 or over |
$5,000 $6,000 if 50 or over |
$5,000 $6,000 if 50 or over |
$5,000 $6,000 if 50 or over |
|
|
| Maximum salary then deduction phase out |
$159,000 MFJ or Widow $101,000 Everyone else except MFS |
$166,000 MFJ or Widow $105,000 Everyone else except MFS |
$167,000 MFJ or Widow $105,000 Everyone else except MFS |
$169,000 MFJ or Widow $107,000 Everyone else except MFS |
401
|
2012 |
2013 |
|||||
|
Maximum amount |
$15,500 $5,000 over 50 catch up |
$16,500 $5,500 over 50 catch up |
$16,500 $5,500 over 50 catch up |
$16,500 $5,500 over 50 catch up
|
|
|
| Maximum salary |
$230,000 $345,000 Certain Government workers |
$245,000 $360,000 Certain Government workers |
$245,000 $360,000 Certain Government workers |
$245,000 $360,000 Certain Government workers |
402
|
2012 |
2013 |
|||||
|
Maximum amount |
$15,500 |
$16,500. |
$16,500. |
$16,500. |
|
|
|
Maximum salary |
$230,000 |
$230,000 |
$230,000 |
$230,000 |
408 (Simple= SEP)
|
2012 |
2013 |
|||||
|
Maximum amount |
$10,500 $5,000 over 50 catch up |
$11,500 $5,500 over 50 catch up |
$11,500 $5,500 over 50 catch up |
$11,500 $5,500 over 50 catch up
|
|
|
| Minimum salary | $500 | $550 | $550 | $550 |
409
|
2012 |
2013 |
|||||
|
Maximum stock owned over 5 yrs |
$935,000 |
$985,000 |
$985,000 |
$985,000 |
|
|
| Amount used to determine lengthened 5yr distribution | $185,000 | $195,000 | $195,000 | $195,000 |
414
|
2012 |
2013 |
|||||
|
Maximum amount |
$15,500 $2,500 over 50 catch up |
$15,500 $2,500 over 50 catch up |
$15,500 $2,500 over 50 catch up |
$15,500 $2,500 over 50 catch up
|
|
|
| Maximum salary | $105,000 | $110,000 | $110,000 | $110,000 |
415
|
2012 |
2013 |
|||||
|
Maximum amount |
$46,000 |
$49,000 |
$49,000 |
$49,000 |
|
|
| Maximum salary | $185,000 | $195,000 | $195,000 | $195,000 |
416
|
2012 |
2013 |
|||||
|
Maximum amount |
$15,500 |
$15,500 |
$15,500 |
$15,500 |
|
|
| Maximum salary | $150,000 | $160,000 | $160,000 | $160,000 |
457 (Government workers)
|
2012 |
2013 |
|||||
|
Maximum amount |
$15,500 |
$16,500 |
$16,500 |
$16,500 |
|
|
| Maximum salary |
Last updated: 01/29/2011 01:46:22 PM