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CURRENT MODIFIED HOURS
(Office Currently Closed to Public)
MON - THU: 9:00 AM - 3:00 PM
FRI: 9:00 AM - NOON
SAT & SUN: CLOSED

 2020 PENSION PLAN LIMITATIONS  2019 PENSION PLAN LIMITATIONS
  • Traditional & Roth IRA
    • Annual Contribution Limit: $6,500
    • Catch-Up (age 50+): $1,000
  • SEP IRA
    • Annual Contribution Limit: $57,000
    • Minimum Compensation: $600
    • Maximum Compensation: $285,000
  • SIMPLE IRA
    • Annual Contribution Limit: $13,500
    • Catch-Up (age 50+): $3,000
  • 401(k)/403(b)/457
    • Annual Contribution Limit: $19,500
    • Catch-Up (age 50+): $6,000
  • Qualified Plans
    • Defined Benefit Plan Limit: $230,000
    • Defined Contribution Plan Limit: $57,000
    • Compensation Limit: $285,000
  • Traditional & Roth IRA
    • Annual Contribution Limit: $5,500
    • Catch-Up (age 50+): $1,000
  • SEP IRA
    • Annual Contribution Limit: $55,000
    • Minimum Compensation: $600
    • Maximum Compensation: $275,000
  •  SIMPLE IRA
    • Annual Contribution Limit: $12,500
    • Catch-Up (age 50+): $3,000
  • 401(k)/403(b)/457
    • Annual Contribution Limit: $18,500
    • Catch-Up (age 50+): $6,000
  • Qualified Plans
    • Defined Benefit Plan Limit: $220,000
    • Defined Contribution Plan Limit: $55,000
    • Compensation Limit: $275,000 
     
2019 HEALTH SAVINGS ACCOUNT (HSA) LIMITATIONS 2018 HEALTH SAVINGS ACCOUNT (HSA) LIMITATIONS
  • Minimum Deductible
    • Individual: $1,400
    • Family: $2,800
  • Maximum Contribution
    • Individual: $3,550
    • Family: $7,100
    • Catch-Up (age 55+): $1,000
  • Maximum Out-of-Pocket
    • Individual: $6,900
    • Family: $13,800
  • Minimum Deductible
    • Individual: $1,350
    • Family: $2,700
  • Maximum Contribution
    • Individual: $3,450
    • Family: $6,900
    • Catch-Up (age 55+): $1,000
  • Maximum Out-of-Pocket
    • Individual: $6,650
    • Family: $13,300


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GURIN & GURIN PC
PH: (586) 263.0505  |  FX: (586) 263.1428
38800 Garfield Rd Ste 120  |  Clinton Twp, MI  48038
(3rd building South of 17 Mile on East side of Garfield)
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