Tax Law Highlights - 2012

IRA Contributions $5,000 IRA Catch-up Contributions $1,000 Defined Benefit Plan Benefit $200,000 Defined Contribution Plan Allocation $50,000 401(K) or 403(b) Salary reduction deferrals $17,000 401(k) or 403(b) Catch-up Contributions $5,500 SIMPLE plans $11,500 SIMPLE plan Catch-up Contributions $2,500 Salary for pension plan $250,000 Salary for highly compensated employee $115,000 Salary for Key employee $165,000 Salary for SEP eligibility $550 Social Security Taxable Wage base $110,100