2019 Annual Changes
| 2019 Annual Changes | ||
|---|---|---|
| 2019 | 2018 | |
| Social Security Wage Base | $132,900 | $128,400 |
| Employee Social Security Tax Rate | 6 .20% | 6 .20% |
| Medicare Wage Base | None | None |
| Medicare Tax Rate | 1 .45% | 1 .45% |
| Additional Medicare Tax Rate on earnings in excess of $200, 000 | 0.9% | 0.9% |
| Maximum Limitation for annual benefit under §415( b )( 1 )( A ) for defined benefit plans | $225, 000 | $220, 000 |
| Maximum Contribution Limitation for defined contribution plans under §415( c )( 1 )( A ) | $56, 000 | $55, 000 |
| §402( g )( 1 ) (applies to §401(k), and §408( k )( 6 ) salary reduction SEPs) | $19, 000 | $18,500 |
| §403( b ); non-profit employers; taxsheltered annuities | $19, 000 | $18,500 |
| §457; state & local governments; tax exempts | $19, 000 | $18,500 |
| §408( p ); SIMPLE IRA plans | $13, 000 | $ 12 ,500 |
| §401(k), §403( b ), §457, SEP Catch-up | $ 6 ,000 | $ 6 ,000 |
| SIMPLE Catch-up | $ 3 ,000 | $ 3 ,000 |
| Medical FSA Limit | $ 2 ,700 | $ 2 ,650 |
| Business Mileage Rate | $ 0 .58/ mile | $ 0 .545/ mile |
| Charitable Activity Mileage Rate | $ 0 .14/ mile | $ 0 .14/ mile |
| Relocation Related Mileage Rate* | $ 0 .20/ mile * | $ 0 .18/ mile * |
| Medical Related Mileage Rate | $ 0 .20/ mile | $ 0 .18/ mile |
| Commuter Highway Vehicle Fringe Benefit Limits | $265/ month | $260/ month |
| Transit Pass Qualified Fringe Benefit Limits | $265/ month | $260/ month |
| Qualified Parking Qualified Fringe Benefit Limits | $265/ month | $260/ month |
| Personal Use of a Company Vehicle Cents/Mile Rate | $ 0 .58/ mile | $ 0 .545/ mile |
| Employer-Provided Adoption Assistance Dollar Limitation | $14,080 | $13,810 |
| Qualified Small Employer HRA (Individual Family) | $ 5 ,150 | $ 5 ,050 |
| Qualified Small Employer HRA (Individual Family) | $10,450 | $10,250 |