Traditional IRA and Roth IRA Contribution Limits

  2017 2018
Up to age 50 $5,500 $5,500
Catch-Up Contributions Age 50+  $1,000 $1,000
Total Contribution if Over the Age of 50  $6,500 $6,500

 

Roth IRA Contribution Limits MAGI Phase-Out Ranges 2017 2018
Single Individuals $118,000 - $133,000 $120,000 - $135,000
Married, Filing a Joint Tax Return  $186,000 - $196,000 $189,000 - $199,000
Married, Filing Separate Tax Returns  $0 - $10,000 $0 - $10,000

 

Traditional IRA Modified Adjusted Gross Income Limits 2017 2018
Single Active Participant  $62,000 - $72,000 $63,000 - $73,000
Married Active Participant, Filing Joint Tax Return $99,000 - $119,000 $101,000 - $121,000
Married Active Participant, Filing Separate Tax Returns $0 - $10,000 $0 - $10,000
Spouse of an Active Participant  $186,000 - $196,000 $189,000 - $199,000

 

SIMPLE IRA Contribution Limits

  2017 2018
Employee Elective Deferrals $12,500 $12,500
Catch-Up Elective Deferral Contribution Age 50+  $3,000* $3,000*
Your employer can elect from two different contribution methods. Check with your employer which option they have chosen. Employer contributions are in addition to your elective deferrals.

 

SEP IRA Contribution Limits

  2017 2018
SEP Employer Contribution Limits Up to 25% of compensation, with a maximum of $54,000* Up to 25% of compensation, with a maximum of $55,000*
SEP Current Year Minimum Compensation Required $600 $600

 

Individual 401(k) Contribution Limits

  2017 2018
Employer Contributions Up to $54,000 Up to $55,000
Employee Elective Deferrals Up to $18,000 Up to $18,000
Catch-Up Elective Deferral Contribution Age 50+ Up to $6,000 Up to $6,000
The employer can contribute up to 25% of your compensation up to the maximum limit.  Employer contributions and employee elective deferrals in aggregate may not exceed $53,000 for 2016 and $54,000 for 2017 combined. Compensation limits and deductibility apply so contact your employer for further information.

 

Education Savings Account (ESA) Contribution Limits

  2017 2018
Per year until the child is age 18 unless the child has special needs. $2,000 $2,000

 

Health Savings Account (HSA) Contribution Limits

  2017 2018
High Deductibles/Out of Pocket Limits
Single Coverage - Minimum/Maximum $1,300/$6,550 $1,350/$6,650
Family Coverage-Minimum/Maximum $2,600/$13,100 $2,700/$13,300
Health Savings Account Contribution Limits
Single Coverage $3,400 $3,450
Family Coverage $6,750 $6,900
Plus $1,000 catch-up contribution if you are age 55+

 

An IRA contribution is the dollar amount that an IRA holder (and/or their employer in the case of an employer-sponsored plan) puts into their IRA. All IRA contributions must be made by check, wire transfer, or cash. Certain requirements must be met in order to contribute to each account type. IRA contributions are discretionary, meaning that you are not required to make deposits every year.

Each type of IRA has an annual contribution limit and a date by which the contribution must be made. The IRS has released 2017/2018 IRA contribution limits for Traditional IRAs, Roth IRAs, SEP IRAs, SIMPLE IRAs, Individual 401(k) plans, HSAs and ESAs which are viewable in the sections below. Click for detailed information on each account type or explore our IRA contribution FAQs and downloadable chart.

Individual Retirement Plans

Individual Retirement Plans

Total annual contributions to Traditional IRAs and Roth IRAs combined cannot exceed $5,500 for those under age 50 or $6,500 for those aged 50 or older. 2018 numbers, released by the IRS, remain the same.

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Small-Business-Retirement-Plans

Small Business Retirement Plans

SIMPLE contribution limits for those under age 50 is $12,500 with a $3,000 catch-up elective for those 50 or older. The 2017 SEP employer contribution may be up to 25% of compensation or a maximum of $54,000.

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Other-Tax-Advantaged-Plans

Other Tax-Advantaged Plans

The Education Savings Account (ESA) contribution limit for 2017 and 2018 is $2,000. Health Savings Account (HSA) contribution limits for single coverage and family coverage are $3,400 and $6,750 respectively.

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IRA-Contribution-Rules-FAQs

IRA Contribution Rules and FAQs

Self-Directed IRA contribution rules, FAQs, and important deadlines for all account types.

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IRA-Contribution-limits chart

IRA Contribution Limits 2017 & 2018

Download this useful chart (PDF) which outlines contribution limits for each account ty

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