Payroll-related limits announced for 2019

December 13, 2018|James Derzon

The Internal Revenue Service has announced the following limitations for pension plans and other payroll-related items for tax year 2019:

Social Security Wages $132,900
 Social Security Rate 6.2%
Medicare Rate 1.45%
Additional Medicare Rate 0.90%
401(k)/403(b)/SEP $19,000
401(k) catchup $6,000
SIMPLE Plans $13,000
SIMPLE catchup $3,000
Maximum compensation $280,000
Flex Spending Accounts $2,700
Health Savings Accounts Annual minimum deductible
Individual $1,350
Family $2,700
  Annual Out of Pocket
Individual $6,750
Family $13,500
  Maximum Contribution
Individual $3,500
Family $7,000
Catchup $1,000
Please contact us with any questions.


Tags: Payroll