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Retirement Limitations 20121 20132 20143
Elective Deferrals 401(k) and 403(b)
(not including adjustments and catch-ups)
$17,000 $17,500 $17,500
401(k) Catch-Up Contribution Limit $5,500 $5,500 $5,500
457(b)(2) and 457(c)(1) Limits
(not including catch-ups)
$17,000 $17,500 $17,500
Defined Benefit Plans $200,000 $205,000 $210,000
Defined Contribution Plans $50,000 $51,000 $52,000
Annual Compensation Limit $250,000 $255,000 $260,000
Individual Retirement Accounts (IRAs),
for Individuals 49 and Below
$5,000 $5,500 $5,500
Individual Retirement Accounts (IRAs),
for Individuals 50 and Above
$6,000 $6,500 $6,500
SIMPLE Retirement Accounts $11,500 $12,000 $12,000
SIMPLE Retirement Catch-Up Contribution Limit $2,500 $2,500 $2,500
1 2012 limits reflect issuance of IRS News Release IR-2011-103 (October 20, 2011).
2 2013 limits reflect issuance of IRS Notice 2012-67, 2012-50 I.R.B. 672 (December 10, 2012).
3 2014 limits reflect issuance of IRS Notice 2013-86 (October 31, 2013).


Payroll Tax Data 20121 20132 20143
Income Subject to Social Security Tax $110,100 $113,700 $117,000
FICA Tax for Employers 7.65% 7.65% 7.65%
FICA Tax for Employees 5.65% 7.65% 7.65%
Social Security Tax for Employers 6.2% 6.2% 6.2%
Social Security Tax for Employees 4.2% 6.2% 6.2%
Medicare Tax for Employees and Employers 1.45% 1.45% 1.45%
FICA Tax for self-employed workers 13.3% 15.3% 15.3%
Social Security Tax for Self-Employed Workers 10.4% 12.4% 12.4%
Medicare Tax for Self-Employed Workers 2.9% 2.9% 2.9%
1 2012 rates reflect issuance of Social Security Administration News Release (October 20, 2011).
2 2013 rates reflect issuance of Social Security Administration News Release (October 18, 2012).
3 2014 rates reflect issuance of Social Security Administration News Release (October 30, 2013).


Mileage Reimbursements 20121 20132 20143
1/1 to 12/31 1/1 to 12/31 1/1 to Current
Business Mileage .555/mile .565/mile .56/mile
Medical/Moving Mileage .23/mile .24/mile .23.5/mile
Charitable Mileage .14/mile .14/mile .14/mile
1 2012 rates reflect issuance of IRS Announces 2012 Standard Mileage Rates (December 9, 2011).
2 2013 rates reflect issuance of IRS Announces 2013 Standard Mileage Rates (November 21, 2012).
3 2014 rates reflect issuance of IRS Announces 2014 Standard Mileage Rates (December 6, 2013).


Miscellaneous Tax Data 2012* 2013* 2014*
Gift Tax Exclusion $13,000 $14,000 $14,000
* As published in IRS Publication 950, IRS Publication 559 and IRS Announces Increases in Tax Benefits for 2014.

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