FAM Funds
Fenimore Private Client Group
Investment Advisors
About Fenimore

FAM Funds

Open an Account
 

Tax Center

IRA Limits

IRS annual contribution limits for retirement savings accounts:

Provision

2018

2019

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 amount for SEP participation

$600

$600

Note: The Social Security Taxable Wage Base — the maximum compensation on which Social Security taxes are withheld is $128,700 in 2018.

 

 

 

 

 

All investing involves risk including the possible loss of principal. Before investing, carefully read the fund’s prospectus which includes investment objectives, risks, charges, expenses and other information about the fund. Please call us at 800-932-3271 or visit famfunds.com for a prospectus or summary prospectus.

Securities offered through Fenimore Securities, Inc., Member FINRA/SIPC and advisory services offered through Fenimore Asset Management, Inc.
 

Join our
Mailing List >

800.932.3271 / 384 North Grand Street, Cobleskill, NY 12043
Copyright © 2018 FAM Funds | Privacy Policy | Terms of Use | Sitemap

FAM Funds: Tax Center - IRA Limits
Valuable information for our shareholders regarding Internal Revenue Service (IRS) annual contribution limits for retirement savings accounts.