Several dollar ceilings on retirement plans are heading up this year

The pay in limitation for defined contribution plans increases to $52,000. That’s a $1,000 hike for Keogh plans, profit sharing plans and similar arrangements. Retirement plan contributions can be based on up to $260,000 of salary. And the benefit limit for pension plans is rising to $210,000 in 2014. The income ceilings on Roth IRA payins go up. Contributions phase out at AGIs of $181,000 to $191,000 for couples and $114,000 to $129,000 for singles. The deduction phaseouts for payins to regular IRAs start at higher levels, from AGIs of $96,000 to $116,000 for couples and $60,000 to $70,000 for singles. If only one spouse is covered by a plan, the phaseout zone for deducting a contribution for the uncovered spouse begins at $181,000 of AGI and finishes at $191,000. And the partial credit for retirement plan payins phases out at higher levels. For marrieds...at AGIs over $60,000. Household heads...$45,000. Singles...$30,000. Several key items won’t change. The 401(k) payin limit remains $17,500. Folks born before 1965 can put in an extra $5,500. Ditto for 403(b) and 457 plans. The ceiling on SIMPLEs stays $12,000...$14,500 for folks age 50 or older this year. Payin caps for IRAs and Roths remain $5,500 plus $1,000 more for anyone 50 and up.