Vision Payroll

Important Facts and Figures 2013-2015

201520142013
§401(k), §403(b), §457(e)(15) Annual Deferral Limit$18,000$17,500$17,500
§401(k), §403(b), §457(e)(15) Age 50 Catch-Up Deferral $6,000$5,500$5,500
Deferred Contribution Compensation Limit$265,000$260,000$255,000
Deferred Contribution Combined Limit$63,000$52,000$51,000
Social Security Wage Limit$118,500$117,000$113,700
Social Security Maximum Withholding$7,347$7,254.00$7,049.40
Social Security Employer Maximum$7,347$7,254.00$7,049.40
SIMPLE Plan Deferral Limit$12,500$12,000$12,000
SIMPLE Plan Age 50 Catch-Up Deferral$3,000$2,500$2,500
IRA Contribution Limit$5,500$5,500$5,500
IRA Age 50 Catch-Up Contribution$1,000$1,000$1,000
Highly Compensated Employee$120,000$115,000$115,000
Key Employee in a Top-Heavy Plan$170,000$170,000$165,000
Control Employee for Reg. §1.61-21(f)(5)(i)$105,000$105,000$100,000
Control Employee for Reg. §1.61-21(f)(5)(iii)$215,000$210,000$205,000
Business Mileage Rate$0.575$0.56$0.565
SEP Compensation Threshold$600$550$550
Federal Hourly Minimum Wage$7.25$7.25$7.25
Health Savings Account (HSA) Self-Only Coverage Contribution$3,350$3,300$3,250
HSA Self-Only Out-of-Pocket Maximum$6,450$6,350$6,250
HSA Self-Only Minimum Deductible$1,300$1,250$1,250
HSA Family Coverage Contribution$6,650$6,550$6,450
HSA Family Coverage Out-of-Pocket Maximum$12,900$12,700$12,500
HSA Family Minimum Deductible$2,600$2,500$2,500
HSA Age 55 Catch-Up Contribution$1,000$1,000$1,000
Medical Savings Account (MSA) Self-Only Deductible Minimum$2,200$2,200$2,150
MSA Self-Only Deductible Maximum$3,300$3,250$3,200
MSA Self-Only Out-of-Pocket Maximum$4,450$4,350$4,300
MSA Family Deductible Minimum$4,450$4,350$4,300
MSA Family Deductible Maximum$6,650$6,550$6,450
MSA Family Out-of-Pocket Maximum$8,150$8,000$7,850
Monthly Transit Pass Maximum Fringe Benefit Exclusion$130$250$245
Monthly Qualified Parking Maximum Fringe Benefit Exclusion$250$250$245
Monthly Qualified Bicycle Commuting Maximum Fringe Benefit Exclusion$20$20$20

See also Important Facts and Figures 2011-2013.

See also Important Facts and Figures 2008-2010.