Traditional | Roth | Coverdell ESA | HSA | 401(k) | SIMPLE | SEP
Click each plan name for more information.
Traditional IRA*
| Plan Types | 2024 | Deadline | 2025 | Deadline |
|---|---|---|---|---|
| Regular Limit** | $7,000 | April 15, 2025 | $7,000 | April 15, 2026 |
| Age 50 and Older Catch-Up Limit | $1,000 | April 15, 2025 | $1,000 | April 15, 2026 |
** Or 100% or earned income up to $7,000 (2024 or 2025), plus $1,000 if you are 50 or older.
| AGI TAX DEDUCTION PHASE-OUTS | Earned Income 2024 | 2024 Deadline | Earned Income 2025 | 2025 Deadline | Deduction Limit |
|---|---|---|---|---|---|
| Married Joint Return: Spouse making contribution is covered by workplace retirement plan | Up to $123,000 | April 15, 2025 | Up to $126,000 | April 15, 2026 | Full |
| Between $116,000 – $136,000 | April 15, 2025 | Between $126,000 – $146,000 | April 15, 2026 | Partial | |
| Over $136,000 | April 15, 2025 | Over $146,000 | April 15, 2026 | None | |
| Married Separate Returns: Taxpayers covered by workplace retirement plans. | Up to $10,000 | April 15, 2025 | Up to $10,000 | April 15, 2026 | Partial |
| Over $10,000 | April 15, 2025 | Over $10,000 | April 15, 2026 | None | |
| Married taxpayer not covered by workplace retirement plan married to someone who is. | Up to $230,000 | April 15, 2025 | Up to $236,000 | April 15, 2026 | Full |
| Between $218,000 – $228,000 | April 15, 2025 | Between $236,000 – $246,000 | April 15, 2026 | Partial | |
| Over $228,000 | April 15, 2025 | Over $246,000 | April 15, 2026 | None | |
| Unmarried: Covered by workplace retirement plan | Up to $77,000 | April 15, 2025 | Up to $79,000 | April 15, 2026 | Full |
| Between $73,000 – $83,000 | April 15, 2025 | Between $79,000 – $89,000 | April 15, 2026 | Partial | |
| Over $83,000 | April 15, 2025 | Over $89,000 | April 15, 2026 | None | |
| Unmarried: NOT Covered by workplace retirement plan | Up to $146,000 | April 15, 2025 | Up to $150,000 | April 15, 2026 | Full |
| Between $138,000-$153,000 | April 15, 2025 | Between $150,000 – $165,000 | April 15, 2026 | Partial | |
| Over $153,000 | April 15, 2025 | Over $165,000 | April 15, 2026 | None |
Roth IRA*
| Plan Types | 2024 | Deadline | 2025 | Deadline |
|---|---|---|---|---|
| Regular Limit** | $7,000 | April 15, 2025 | $7,000 | April 15, 2026 |
| Age 50 and Older Catch-Up Limit | $1,000 | April 15, 2025 | $1,000 | April 15, 2026 |
** Or 100% or earned income up to $7,000 (2024 or 2025), plus $1,000 if you are 50 or older.
| AGI TAX CONTRIBUTION PHASE-OUTS | Earned Income 2024 | 2024 Deadline | Earned Income 2025 | 2025 Deadline | Contribution Limit |
|---|---|---|---|---|---|
| Married Joint Return | Up to $230,000 | April 15, 2025 | Up to $236,000 | April 15, 2026 | Full |
| Between $218,000-$228,000 | April 15, 2025 | Between $236,000-$246,000 | April 15, 2026 | Partial | |
| Over $228,000 | April 15, 2025 | Over $246,000 | April 15, 2026 | None | |
| Married Filing Separately | Up to $10,000 | April 15, 2025 | Up to $10,000 | April 15, 2026 | Partial |
| Over $10,000 | April 15, 2025 | Over $10,000 | April 15, 2026 | None | |
| Unmarried | Up to $146,000 | April 15, 2025 | Up to $150,000 | April 15, 2026 | Full |
| Between $138,000-$153,000 | April 15, 2025 | Between $150,000-$165,000 | April 15, 2026 | Partial | |
| Over $153,000 | April 15, 2025 | Over $165,000 | April 15, 2026 | None |
Coverdell ESA
| Plan Types | 2024 | Deadline | 2025 | Deadline |
|---|---|---|---|---|
| Contribution Limit (per beneficiary)*** | $2,000 | April 15, 2025 | $2,000 | April 15, 2026 |
| Unmarried with AGI of $95,000 or below | Full | April 15, 2025 | Full | April 15, 2026 |
| Joint filers with AGI of $190,000 or below | Full | April 15, 2025 | Full | April 15, 2026 |
| Unmarried with AGI between $95,000 – $110,000 | Partial | April 15, 2025 | Partial | April 15, 2026 |
| Joint filers with AGI between $190,000 – $220,000 | Partial | April 15, 2025 | Partial | April 15, 2026 |
| Unmarried with of $110,000 and above | None | April 15, 2025 | None | April 15, 2026 |
| Joint filers with AGI of $220,00 and above | None | April 15, 2025 | None | April 15, 2026 |
HSA
| Plan Types | 2024 | Deadline | 2025 | Deadline |
|---|---|---|---|---|
| Maximum Contribution Self-Only Coverage | $4,150 | April 15, 2025 | $4,300 | April 15, 2026 |
| Maximum Contribution Family Coverage | $8,300 | April 15, 2025 | $8,550 | April 15, 2026 |
| Age 55 Catch-Up Limit**** | $1,000 | April 15, 2025 | $1,000 | April 15, 2026 |
| HDHP Minimum Annual Deductible Self-Only Coverage | $1,600 | April 15, 2025 | $1,650 | April 15, 2026 |
| HDHP Minimum Annual Deductible Family Coverage | $3,200 | April 15, 2025 | $3,300 | April 15, 2026 |
| HDHP Maximum Out of Pocket Self-Only Coverage | $8,050 | April 15, 2025 | $8,300 | April 15, 2026 |
| HDHP Maximum Out of Pocket Family Coverage | $16,100 | April 15, 2025 | $16,600 | April 15, 2026 |
401(k)
| Plan Types | 2024 | Deadline | 2025 | Deadline |
|---|---|---|---|---|
| Elective Deferral Limit | $23,000 | Deferred from last paycheck or December 31, 2024 | $23,500 | Deferred from last paycheck or December 31, 2025 |
| Age 50 Catch-Up Limit | $7,500 | Deferred from last paycheck or December 31, 2024 | $7,500 | Deferred from last paycheck or December 31, 2025 |
| Defined contribution maximum deferral (employer/employee combined) | $69,000 | April 15, 2025 or October 15, 2025 with extension | $70,000 | April 15, 2026 or October 15, 2026 with extension |
SIMPLE
| Plan Types | 2024 | Deadline | 2025 | Deadline |
|---|---|---|---|---|
| Elective Deferral Limit | $16,000 | Deferred from last paycheck or December 31, 2024 | $16,500 | Deferred from last paycheck or December 31, 2025 |
| Age 50 Catch-Up Limit | $3,500 | Deferred from last paycheck or December 31, 2024 | $3,500 | Deferred from last paycheck or December 31, 2025 |
| Limitation on Compensation | $345,000 | N/A | $350,000 | N/A |
SEP
| Plan Types | 2024 | Deadline | 2025 | Deadline |
|---|---|---|---|---|
| Defined contribution maximum deferral (employer/employee combined) | $69,000 | April 15, 2025 | $70,000 | April 15, 2026 |
| Limitation on Compensation | $345,000 | N/A | $350,000 | N/A |
| Minimum Compensation | $750 | N/A | $750 | N/A |
* If you have Traditional and Roth IRAs or more than one Traditional IRA, your total maximum contribution to all IRAs is $7,000 (2024 or 2025), plus $1,000 if you are 50 or older.
** Or 100% or earned income up to $7,000 (2024 or 2025), plus $1,000 if you are 50 or older.
*** Companies may contribute to ESA’s (no income limit).
**** If more than 1 person in the Family Plan is over 55 an additional account is required to make catch-up contribution.
