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2011 Retirement Plan Limits:
- Maximum 401(k) plan elective deferral: $16,500
- Additional catch-up contributions for age 50+: $5,500
- Defined benefit plan maximum benefit: $195,000 (May be reduced
based on participant's age, average compensation or length of plan
participation.)
- Defined contribution plan contribution limit: $49,000 or 100% of
compensation, whichever is less
- IRA contribution limit: $5,000 (plus $1,000 catch-up for age
50+)
- IRA phaseout: AGI from $90,000 to $110,000 (married taxpayers
filing jointly); $56,000 to $66,000
(single taxpayers, heads of household);
$0 to $10,000 (married taxpayers filing separately); $169,000 to
$179,000
(nonactive participant whose spouse is active plan participant)
- Roth IRA contribution limit: $5,000 (plus $1,000 catch-up for
age 50+)
- Roth IRA phaseout: $169,000 to $179,000 (married taxpayers
filing
jointly); $107,000 to $122,000 (single taxpayers, heads of
household);
$0 to $10,000 (married taxpayers filing separately).
- SEP minimum required compensation: $550
- SEP discriminatory contribution test amount: $245,000
Thinking about making a Roth conversion in 2011? To "Roth" or not
is an important
consideration that should take into account many variables. It
may also affect
the Medicare Part B premiums paid.
Please contact us for
professional assistance specific to your unique situation.
Tax
Rates | Deductions
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Retirements
Plans
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