Contribution Limits
FOR INDIVIDUAL RETIREMENT PLANS
Traditional IRA & Roth IRA Contribution Limits
| 2018 | 2019 | |
|---|---|---|
| For Tax Year 2019 | ||
| Up to Age 50 | $5,500 | $6,000 |
| Catch-Up Contribution (Over Age 50) |
$1,000 | $1,000 |
| Total Contribution Amount (If Over Age 50) |
$6,500 | $7,000 |
Traditional IRA MAGI Limits
| 2018 | 2019 | |
|---|---|---|
| For Tax Year 2019 | ||
| Single Active Participant | $63,000 - $73,000 | $64,000 - $74,000 |
| Married Active Participant (Filing Jointly) |
$101,000 - $121,000 | $103,000 - $123,000 |
| Married Active Participant (Filing Separately) |
$0 - $10,000 | $0 - $10,000 |
| Spouse of Active Participant | $189,000 - $199,000 | $193,000 - $203,000 |
Roth IRA MAGI Phase-Out Ranges
| 2018 | 2019 | |
|---|---|---|
| For Tax Year 2019 | ||
| Single Individuals | $120,000 - $135,000 | $122,000 - $137,000 |
| Married (Filing Jointly) |
$189,000 - $199,000 | $193,000 - $203,000 |
| Married (Filing Separately) |
$0 - $10,000 | $0 - $10,000 |
FOR SMALL BUSINESS RETIREMENT PLANS
SEP IRA Contribution Limits
| 2018 | 2019 | |
|---|---|---|
| For Tax Year 2019 | ||
| Employer Contribution Limits | Up to 25% of Compensation ($55,000 Maximum)* |
Up to 25% of Compensation ($56,000 Maximum)* |
| Employee Contribution Limits | $5,500** | $6,000** |
| Employee Catch-Up Contribution (Over Age 50) |
$1,000** | $1,000** |
*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 $55,000 for 2018 and $56,000 for 2019 combined. Compensation limits and deductibility apply. Please contact your employer for further information.
**Generally, employees may not make contributions to a SEP plan; however, employees may be eligible to make contributions to a SEP-IRA. In which case, the above contribution limits are the total amount an employee can personally contribute to a Traditional or Roth IRA each year.
SIMPLE IRA Contribution Limits
| 2018 | 2019 | |
|---|---|---|
| For Tax Year 2019 | ||
| Employer Contribution Limits | Up to 3% of Compensation ($12,500 Maximum)* |
Up to 3% of Compensation ($13,000 Maximum)* |
| Employee Contribution Limit | $12,500 | $13,000 |
| Employee Catch-Up Contribution (Over 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.
Individual 401(k) Plan Contribution Limits
| 2018 | 2019 | |
|---|---|---|
| For Tax Year 2019 | ||
| Employer Contribution Limits | $55,000* | $56,000* |
| Employee Elective Deferrals | $18,500 | $19,000 |
| Employee Catch-Up Deferral | $6,000 | $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 $55,000 for 2018 and $56,000 for 2019 combined. Compensation limits and deductibility apply. Please contact your employer for further information.
ROTH IRA and 401k Contribution Limits | 401k ROTH Contribution Limits