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This is the same for Roth IRA contributions as well. If you are age 50 or over, the “catch up” amount is an additional $1,000.SEP Provisions:For plan years $2500 card instant credit credit limit beginning in 2006, the maximum compensation limit moves from $210,000 to $220,000Maximum SEP Contributions for 2006 increase to $44,000 from $42,000, the limit in 2005.Simple IRA Plans:The non elective employer contribution wage base is $220,000.Contribution limits for an employee remain at $10,000.The “catch-up” provision for employees age 50 and over is $2500. This is up $500 from 2005.401(k) Contribution Limits:For 2006 the elective employee contribution is $15,000. This may also be subject to limitations under an employer plan. The “catch-up” provision is $5,000.Social Security Wage Base: The new wage base is $94,200 up from instant credit card $2500 credit limit $92,000 in 2005.Annual Federal Gift Tax Exclusion:Generosity increases $1,000 from 2005, with the new 2006 exclusion set at $12,000. In future years, this can again increase for inflation adjustments but only in $1,000 increments. It probably safe to say we won’t be seeing any increases for a while.Federal Estate Tax Exclusion Amount:This has moved from $1,500,000 in 2005 to $2,000,000 in 2006 and will remain level through 2008. This is still a hot potato in Washington, and what will eventually credit credit $2500 card instant limit happen here is still very much up for grabs.

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