Employee BenefitsFinancial PlanningTax Planning

2019 in employee benefits: by the numbers

These are the numbers we commonly use in planning this year’s tax free employee benefits:

401(k) pre-tax contribution limits = $19,000

401(k) catch-up contribution limit = $6,000

IRA contribution limits = $6,000

Annual Health Savings Account contribution limit for individuals = $3,500

Health Savings Account contribution limit for family coverage = $7,000

High Deductible Health Plan minimum deductible for individual = $1,350

High Deductible Health Plan minimum deductible for family = $2,700

High Deductible Health Plan maximum out-of-pocket amounts (individual) = $6,750

High Deductible Health Plan maximum out-of-pocket amounts (family) = $13,500

Health Savings Account catch-up contributions = $1,000

Flexible Spending Account contribution limit = $2,700


One quick “takeaway” is that an ordinary upper middle class family in their 50s or 60s now has the ability to shelter up to $60,000 of earned income simply through the new standard deduction plus these common tax deductions.

Leave a Reply

Your email address will not be published. Required fields are marked *