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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.

We do not offer investment, tax, financial or legal advice to clients. Individuals who believe they need advice should consult with qualified professional(s) licensed in that area. This section of our website is devoted to providing clients and potential clients with educational information. It is in no way intended as tax advice.
Self Directed ROTH IRA Contribution Limits | Solo Defined benefit Plan Contribution Limits
ROTH IRA and 401k Contribution Limits | 401k ROTH Contribution Limits

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