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  2021 2020
401(k), 403(b), 457
Annual compensation limit
$290,000 $285,000
Defined contribution limit
$58,000
$57,000
Elective deferral limit
$19,500
$19,500
Catch-up contribution limit (age 50+)
$6,500
$6,500
SIMPLE Plans
Elective deferral limit
$13,500
$13,500
Catch-up contribution limit (age 50+)
$3,000
$3,000
SEP Plans
Annual compensation limit
$290,000
$285,000
Elective deferral limit
$19,500
$19,500
Minimum compensation limit
$650
$600
Catch-up contribution limit (age 50+)
$6,500
$6,500
Traditional and Roth IRAs
Annual contribution limit
$6,000
$6,000
Catch-up contribution limit (age 50+)
$1,000
$1,000
Health Savings Accounts
Annual contribution limit for family $7,200
$7,100
Annual contribution limit for individual
$3,600
$3,550
Other
Social Security taxable wage base
$142,800
$137,700
Definition limit for highly compensated employee
$130,000
$130,000
Definition limit for key employee
$185,000
$185,000
Annual benefit limit for defined benefit plans
$230,000
$230,000
ESOP 5-year distribution threshold
$1,165,000
$1,150,000
ESOP additional year threshold
$230,000
$230,000
Standard Deductions
Married/filing jointly and qualified widow(er)s
$25,100
$24,800
    Additional amount for blind or age 65+
$1,350
$1,300
Single
$12,550
$12,400
    Additional amount for blind or age 65+
$1,700
$1,650

 

Hartford Funds Distributors, LLC, Member FINRA

This content is not intended to be impartial investment or fiduciary advice.

Hartford Funds does not provide legal or tax advice. Shareholders should consult a legal or tax professional for additional information. This information is provided for information purposes only.

MFDC011 219468

 

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Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, ETF or closed-end interval fund prospectus or summary prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds and the closed-end interval fund are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA/SIPC. Exchange-traded products are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to Hartford Funds Management Group, Inc. and its subsidiaries, including HFD, HFMC, and Lattice, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

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