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Contribution Limits

FOR INDIVIDUAL RETIREMENT PLANS

Traditional IRA & Roth IRA Contribution Limits

  2018 2019
For Tax Year 2019
Under Age 50 $5,500 $6,000
Catch-Up Contribution
(Age 50 or Older)
$1,000 $1,000
Total Contribution Amount
(If Age 50 Older)
$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
Nonactive Participant, Married to Active Participant
(Filing Jointly)
$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)*

*The employer can contribute up to 25% of your compensation up to the maximum limit. Employer contributions may not exceed $55,000 for 2018 and $56,000 for 2019. Compensation limits and deductibility apply. Please contact your employer for further information.

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
(Age 50 or Older)
$3,000 $3,000

Employer contributions are in addition to your elective deferrals. *Employers can choose from one of three contribution options: 1) Match employee deferrals dollar-for-dollar, up to three percent of the employee’s compensation (compensation includes employee deferrals); 2) Two percent nonelective contribution to all eligible employees (even to those employees who decided not to defer) who have a minimum of $5,000 compensation from the employer for the year**; or 3) Elect to match a lower percentage (but not lower than one percent). This option is allowed for only two years of any five-year period***

**The two percent nonelective contribution is based on two percent of the eligible employee’s compensation, up to the compensation cap. For 2018, the compensation cap is $275,000 and for 2019, the compensation cap is $280,000. ***The five-year period includes the current year and the prior four years. If during the five-year period there are years where the SIMPLE IRA plan was not yet established or the employer made nonelective contributions to the plan, the employer is considered as having satisfied the three percent matching contribution requirement for those specific years.

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
(Age 50 or Older)
$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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