Contribution Limits

The IRS has published maximum IRA contribution limits and catch up provisions for 2016 and 2017. Summaries for each type of IRA are listed in the tables below.

Check out our infographic for a visual depiction of 2018 contributions and deductions based on Modified Adjusted Gross Income (MAGI).

2018 Traditional & Roth IRA Contribution Limits

Traditional & Roth IRA Contributions and Catch Up Provisions
Plan Name Standard Limit Catch-up Limit (Age 50 and older)
Traditional $5,500 $6,500
Roth* $5,500 $6,500
*Modified AGI Limits:
2017

Single: $120,000 - $135,000
Married Filing Jointly: $189,000 - $199,000
2017 Traditional & Roth IRA Contribution Deadline is 4/17/2018.

 

 

 

 

 


 

2017 Traditional & Roth IRA Contribution Limits

Traditional & Roth IRA Contributions and Catch Up Provisions
Plan Name Standard Limit Catch-up Limit (Age 50 and older)
Traditional $5,500 $6,500
Roth* $5,500 $6,500
*Modified AGI Limits:
2017

Single: $118,000 - $133,000
Married Filing Jointly: $186,000 - $196,000
2017 Traditional & Roth IRA Contribution Deadline is 4/17/2018.

 

 

 

 

 




SEP IRA Contribution Limits

Simplified Employee Pension (SEP) IRA Contribution Limits
Year Max Dollar Allocation Max Considered Compensation
2018 $55,000 $275,000
2017 $54,000 $270,000
2016 $53,000                $265,000

The maximum amount that can be contributed to a simplified pension plan (SEP) plan is 25% of an employee's compensation, which is capped at a maximum as indicated above.

2017 SEP IRA Contribution Deadline is 4/17/2018.
2016 SEP IRA Contribution Deadline is 4/18/2017.

SIMPLE IRA Contribution Limits

Savings Incentive Match Plan for Employees (SIMPLE) IRA Contributions and Catch Up Provisions
Year Standard Limit Catch-up Limit (Age 50 and older )
2018 $12,500 $3,000
2017 $12,500 $3,000
2016 $12,500   $3,000
                                                         
Employers are generally required to match each employee's salary reduction contributions, on a dollar-for-dollar basis, up to 3% of the employee's compensation.

2017 SIMPLE IRA Contribution Deadline for Employees is 12/31/2017.
2017 SIMPLE IRA Contribution Deadline for Employers is 4/17/2018.

2016 SIMPLE IRA Contribution Deadline for Employees is 12/31/2016.
2016 SIMPLE IRA Contribution Deadline for Employers is 4/18/2017.

401(k) and Solo(k) Contribution Limits

401(k) & Solo(k) Plans: Employee Salary Deferral Limits
Year Standard Limit Catch-up Limit (Age 50 and older)
2018 $18,500 $6,000
2017 $18,000 $6,000
2016 $18,000   $6,000

Employer can contribute up to $36,000 in 2017 and $35,000 in 2016.
2017 / 2016  401(k) & Solo(k) Contribution Deadline is December 31 for calendar year reporting. 

2017 / 2016 CESA Contribution Limits

Coverdell Educational Savings Account (CESA) Contribution Limits
Standard Limit
(up to age 18)
Modified AGI Limits to Qualify for Account
$2,000 Single: $95,000 - $110,000
Married Filing Joint: $190,000 - $220,000
2017 CESA Contribution Deadline is 4/17/2018.
2016 CESA Contribution Deadline is 4/18/2017.

2018 HSA Contribution Limits

Health Savings Account (HSA) Contribution Limits
High Deductible
Health Plan Coverage
Standard Limit
(under age 55)
Catch-up Limit
(Age 55 - 65, 65 and older if you qualify)
Individual (Self Only) $3,450 $4,400
Family $6,900 $7,750
Health Plan Requirements
High Deductible
Health Plan Coverage
Minimum Deductible
of at Least:
 
Annual Out-of-Pocket Expense Limit
Individual (Self Only) $1,350 $ 6,650
Family $2,700 $13,300
2017 HSA Contribution Deadline is 4/17/2018.

2017 HSA Contribution Limits

Health Savings Account (HSA) Contribution Limits
High Deductible
Health Plan Coverage
Standard Limit
(under age 55)
Catch-up Limit
(Age 55 - 65, 65 and older if you qualify)
Individual (Self Only) $3,400 $4,400
Family $6,750 $7,750
Health Plan Requirements
High Deductible
Health Plan Coverage
Minimum Deductible
of at Least:
 
Annual Out-of-Pocket Expense Limit
Individual (Self Only) $1,300 $ 6,550
Family $2,600 $13,100
2017 HSA Contribution Deadline is 4/17/2018.