indexed limits

[Tom Poje]

they just released the CPI value for Sept, so I calculate the limits as follows:

catch up - 5,288 round to 5,000 no change

deferral 15,866 round to 15,500 no change (last year was 15,501 so just got the increase last year)

comp limit 234,280 round to 230,000

415 DC limit 46,856 round to 46,000

DB limit 187,424 round to 185,000

key ee 152,282 round to 150,000

HCE 105,856 round to 105,000

twb is calculated differentely, but I expect that to be 102,300

and now, just released (I was off a little):

nope, must have just missed. the wage base will be 102,000.

[david rigby]

http://www.irs.gov/newsroom/article/0,,id=174873,00.html

[Carol V. Calhoun]

Tom, you did way better than a lot of sources out there, including About.com. I have spent much of today writing back to people who assured me that the deferral limit was $16,000. Fortunately, the IRS made the official announcement today, so I was able to show them that the $15,500 figure was correct. For anyone who is interested, my chart of pension and Social Security limits shows the limits for any years you would like between 1996 and 2008.

they just released the CPI value for Sept, so I calculate the limits as follows:

catch up - 5,288 round to 5,000 no change

deferral 15,866 round to 15,500 no change (last year was 15,501 so just got the increase last year)

comp limit 234,280 round to 230,000

415 DC limit 46,856 round to 46,000

DB limit 187,424 round to 185,000

key ee 152,282 round to 150,000

HCE 105,856 round to 105,000

twb is calculated differentely, but I expect that to be 102,300

and now, just released (I was off a little):

nope, must have just missed. the wage base will be 102,000.

[Tom Poje]

Carol:

I cheated. I use a spreadsheet, and know that the CPI numbers are updated on Wed the middle of the month.

I've posted the sheet before, but here it is again. (of course there might be an error somewhere on it, but it seems to be working) you can actually plug in the CPI numbers on a monthly basis and get an early idea on what next years limits will be.

note: came close to hitting 47,000 for the 415 limit. maybe next year we will go from 46,000 to 48,000.

also, last year the deferral limit just barely went up (unrounded was 15,501) so it had quite a way to go before it would hit 16,000.

good grief. Kingmaster Dave changed the website again, but it says the file is attached.