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Individual Income Tax Planning  2019 Federal Income Tax Rate Schedules

 2018 Federal Income Tax Rate Schedules  Business Planning  Education Planning  

Protection Planning  Estate Planning  Government Benefits  Retirement Planning  Investment Planning

2019 Retirement Planning Key Numbers

Employee/individual contribution limits

Elective deferral limits20182019
401(k) plans, 403(b) plans, 457(b) plans, and SAR-SEPs 1 (Includes Roth 401(k) and Roth 403(b) contributions)Lesser of $18,500 or 100% of participant's compensationLesser of $19,000 or 100% of participant's compensation
SIMPLE 401(k) plans and SIMPLE IRA plans1Lesser of $12,500 or 100% of participant's compensationLesser of $13,000 or 100% of participant's compensation

1 Must aggregate employee contributions to all 401(k), 403(b), SAR-SEP, and SIMPLE plans of all employers. 457(b) plan contributions are not aggregated. For SAR-SEPs, the percentage limit is 25% of compensation reduced by elective deferrals (effectively, a 20% maximum contribution).

IRA contribution limits20182019
Traditional IRAsLesser of $5,500 or 100% of earned incomeLesser of $6,000 or 100% of earned income
Roth IRAsLesser of $5,500 or 100% of earned incomeLesser of $6,000 or 100% of earned income
Additional "catch-up" limits (individuals age 50 or older)20182019
401(k) plans, 403(b) plans, 457(b) plans, and SAR-SEPs2$6,000$6,000
SIMPLE 401(k) plans and SIMPLE IRA plans$3,000$3,000
IRAs (traditional and Roth)$1,000$1,000

2 Special catch-up limits may also apply to 403(b) and 457(b) plan participants.

Employer contribution/benefit 3 limits

Defined benefit plan limits20182019
Annual contribution limit per participantNo predetermined limit. Contributions based on amount needed to fund promised benefitsNo predetermined limit. Contributions based on amount needed to fund promised benefits
Annual benefit limit per participantLesser of $220,000 or 100% of average compensation for highest three consecutive yearsLesser of $225,000 or 100% of average compensation for highest three consecutive years
Defined contribution plan limits (qualified plans, 403(b) plans, SEP, and SIMPLE plans)20182019
Annual addition limit per participant (employer contributions; employee pretax, after-tax, and Roth contributions; and forfeitures) (does not apply to SIMPLE IRA plans)Lesser of $55,000 or 100% (25% for SEP) of participant's compensationLesser of $56,000 or 100% (25% for SEP) of participant's compensation
Maximum tax-deductible employer contribution (not applicable to 403(b) plans)25% of total compensation of employees covered under the plan (20% if self employed) plus any employee pretax and Roth contributions; 100% for SIMPLE plans25% of total compensation of employees covered under the plan (20% if self employed) plus any employee pretax and Roth contributions; 100% for SIMPLE plans

3 For self-employed individuals, compensation generally means earned income. This means that, for qualified plans, deductible contributions for a self-employed individual are limited to 20% of net earnings from self-employment (net profits minus self-employment tax deduction), and special rules apply in calculating the annual additions limit.

Compensation limits/thresholds

Retirement plan compensation limits20182019
Maximum compensation per participant that can be used to calculate tax-deductible employer contribution (qualified plans and SEPs)$275,000$280,000
Compensation threshold used to determine a highly-compensated employee$120,000 (when 2018 is the look-back year)$125,000 (when 2019 is the look-back year)
Compensation threshold used to determine a key employee in a top-heavy plan$1 for more-than-5% owners $175,000 for officers $150,000 for more-than-1% owners$1 for more-than-5% owners $180,000 for officers $150,000 for more-than-1% owners
Compensation threshold used to determine a qualifying employee under a SIMPLE plan$5,000$5,000
Compensation threshold used to determine a qualifying employee under a SEP plan$600$600
Traditional deductible IRA income limits--Income phase-out range for determining deductibility of traditional IRA contributions for taxpayers covered by an employer-sponsored plan and filing as:20182019
Single$63,000 - $73,000$64,000 - $74,000
Married filing jointly$101,000 - $121,000$103,000 - $123,000
Married filing separately$0 - $10,000$0 - $10,000
Traditional deductible IRA income limits--Income phase-out range for determining deductibility of traditional IRA contributions for taxpayers not covered by an employer-sponsored retirement plan but filing a:20182019
Joint return with a spouse who is covered by an employer-sponsored retirement plan$189,000 - $199,000$193,000 - $203,000
Roth IRA compensation limits--Income phase-out range for determining ability to fund Roth IRA for taxpayers filing as:20182019
Single$120,000 - $135,000$122,000 - $137,000
Married filing jointly$189,000 - $199,000$193,000 - $203,000
Married filing separately$0 - $10,000$0 - $10,000


Individual Income Tax Planning  2019 Federal Income Tax Rate Schedules

 2018 Federal Income Tax Rate Schedules  Business Planning  Education Planning  

Protection Planning  Estate Planning  Government Benefits  Retirement Planning  Investment Planning


This information was prepared by Broadridge Investor Communication Solutions, Inc. and has been made available for Voya Financial Advisors’ representatives for distribution to the public for educational information only. Broadridge Investor Communication Solutions, Inc. is not affiliated with nor controlled by Voya Financial Advisors. The opinions/views expressed within are that of Broadridge Investor Communication Solutions, Inc. and do not necessarily reflect those of Voya Financial Advisors or its representatives. In addition, they are not intended to provide specific advice or recommendations for any individual. Neither Voya Financial Advisors nor its representatives provide tax or legal advice. You should consult with your financial professional, attorney, accountant or tax advisor regarding your individual situation prior to making any investment decisions.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019.