Contribution Limits

Traditional | Roth | Coverdell ESA | HSA | 401(k) | SIMPLE | SEP

Click each plan name for more information.

Plan Types 2018 Deadline 2019 Deadline
Traditional IRA *
Regular Limit $5,500 April 15, 2019 $6,000 April 15, 2020
Age 50 Catch-Up Limit $1,000 April 15, 2019 $1,000 April 15, 2020
Roth IRA *
Regular Limit $5,500 April 15, 2019 $6,000 April 15, 2020
Age 50 Catch-Up Limit $1,000 April 15, 2019 $1,000 April 15, 2020
Married/filing jointly or qualified widow(er):
AGI < $189,000
Up to the limit April 15, 2019 Up to the limit April 15, 2020
Married/filing jointly or qualified widow(er):
AGI < / = $189,000 < $199,000
reduced amount** April 15, 2019 reduced amount** April 15, 2020
Married/filing jointly or qualified widow(er):
AGI > / = $199,000
$0.00 April 15, 2019 $0.00 April 15, 2020
Married filing separately (lived with spouse)
AGI < $10,000
reduced amount** April 15, 2019 reduced amount** April 15, 2020
Married filing separately (lived with spouse)
AGI > / = $10,000
$0.00 April 15, 2019 $0.00 April 15, 2020
Single/head of household or married filing separately:
AGI < $120,000
Up to the limit April 15, 2019 Up to the limit April 15, 2020
Single/head of household or married filing separately:
AGI > / = $120,000 < $135,000
reduced amount** April 15, 2019 reduced amount** April 15, 2020
Single/head of household or married filing separately:
AGI > / + $135,000
$0.00 April 15, 2019 $0.00 April 15, 2020
Coverdell ESA
Contribution Limit*** $2,000 April 15, 2019 $2,000 April 15, 2020
HSA
Maximum Limit
Self-Only Coverage
$3,450 April 15, 2019 $3,500 April 15, 2020
Maximun Limit
Family Coverage
$6,900 April 15, 2019 $7,000 April 15, 2020
Age 55 Catch-Up Limit**** $1,000 April 15, 2019 $1,000 April 15, 2020
HDHP Minimum Annual Deductible
Self-Only Coverage
$1,350 April 15, 2019 $1,350 April 15, 2020
HDHP Minimum Annual Deductible
Family Coverage
$2,700 April 15, 2019 $2,700 April 15, 2020
HDHP Maximum Out of Pocket
Self-Only Coverage
$6,650 April 15, 2019 $6,750 April 15, 2020
HDHP Maximum Out of Pocket
Family Coverage
$13,300 April 15, 2019 $13,500 April 15, 2020
401(k)
Elective Deferral Limit $18,500 Deferred from last paycheck or December 31, 2018 $19,000 Deferred from last paycheck or December 31, 2019
Age 50 Catch-Up Limit $6,000 Deferred from last paycheck or December 31, 2018 $6,000 Deferred from last paycheck or December 31, 2019
Defined contribution maximum deferral
(employer/employee combined)
$55,000 April 15, 2019 or October 15, 2019 with extension $56,000 April 15, 2020 or October 15, 2020 with extension
SIMPLE
Elective Deferral Limit $12,500 Deferred from last paycheck or December 31, 2018 $13,000 Deferred from last paycheck or December 31, 2019
Age 50 Catch-Up Limit $3,000 Deferred from last paycheck or December 31, 2018 $3,000 Deferred from last paycheck or December 31, 2019
Limitation on Compensation $275,000 $280,000
SEP
Defined contribution maximum deferral
(employer/employee combined)
$55,000 October 1, 2019 $56,000 October 1, 2020
Age 50 Catch-Up Limit $6,000 Deferred from last paycheck or December 31, 2018 $6,000 Deferred from last paycheck or December 31, 2019
Limitation on Compensation $275,000 $280,000
Minimum Compensation $600 $600

*If you have both Traditional AND Roth IRAs, your maximum contribution to either one or to both is limited to $5,500 total, plus $1,000 if age 50 or older.

**Consult your financial advisor, accountant or tax specialist.

***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.