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IRA Contribution Limits

2021 & 2020 IRA, HSA, CESA and Solo 401(k) Plan Contribution Limits

IRA Contribution Limits, Catch Up Provisions and Contribution Deadlines

IRA Contributions & Deductions Infographic

Infographic summarizing IRS contribution limits and catch up provisions for retirement accounts

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View 2020

Equity Trust IRA Contribution Limit Guide

Helpful summaries of each plan available, including specifics on annual contribution limits.

View 2021 Guide

View 2020 Guide

IRS.gov Retirement Topics – IRA Contribution Limits

The IRS has published maximum IRA contribution limits and catch-up provisions for 2020 and 2021.
(Summaries for each account type are listed in the tables below.)

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IRS News

October 26, 2020, WASHINGTON — IR-2020-244, The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2021 in Notice 2020-79, posted today on IRS.gov. (2021 IRA limit remains unchanged at $6,000)

November 6, 2019, WASHINGTON — IR-2019-179, Increase in 2020 eligibility income ranges for deductible contributions to traditional and Roth IRAs.(2020 IRA limit remains unchanged at $6,000)

November 1, 2018, WASHINGTON — IR-2018-211, IRA limit increases to $6,000

The IRS extended the 2020 annual contribution deadline to May 17, 2021

Contributions apply to Individual Retirement Accounts (IRAs and Roth IRAs), Health Savings Accounts (HSAs), and Coverdell Education Savings Accounts (Coverdell ESAs).

View IRS Publication

2020 | 2021 Contribution Limit Summaries by Account Type

Traditional & Roth IRA | SEP IRA | SIMPLE IRA | Solo 401(k) | CESA | HSA

2020 Traditional & Roth IRA Contribution Limits

Traditional & Roth IRA Contributions and Catch Up Provisions
Plan NameStandard LimitCatch-up Limit (Age 50 and older)
Traditional$6,000$7,000
Roth3$6,000$7,000
3Modified AGI Limits:
2020

Single: $124,000 – $139,000
Married Filing Jointly: $196,000 – $206,000
2020 Traditional & Roth IRA Contribution Deadline is 4/15/2021.

2021 Traditional & Roth IRA Contribution Limits

Traditional & Roth IRA Contributions and Catch Up Provisions
Plan NameStandard LimitCatch-up Limit (Age 50 and older)
Traditional$6,000$7,000
Roth3$6,000$7,000
3Modified AGI Limits:
2021

Single: $125,000 – $140,000
Married Filing Jointly: $198,000 – $208,000
2021 Traditional & Roth IRA Contribution Deadline is 4/15/2022.


2020/2021 – SEP IRA Contribution Limits

Simplified Employee Pension (SEP) IRA Contribution Limits
YearMax Dollar AllocationMax Considered Compensation
2020$57,000$285,000
2021$58,000$290,000
The maximum amount that can be contributed to a simplified pension plan (SEP) is 25% of an employee’s compensation, which is capped at a maximum as indicated above.

2020 SEP IRA Contribution Deadline is 4/15/2021.
2021 SEP IRA Contribution Deadline is 4/15/2022.


2020/2021 – SIMPLE IRA Contribution Limits

Savings Incentive Match Plan for Employees (SIMPLE) IRA Contributions and Catch Up Provisions
YearStandard LimitCatch-up Limit (Age 50 and older )
2020$13,500$16,500
2021$13,500$16,500
Employers are generally required to match each employee’s salary reduction contributions, on a dollar-for-dollar basis, up to 3% of the employee’s compensation.

2020 SIMPLE IRA Contribution Deadline for Employees is 12/31/2020.
2020 SIMPLE IRA Contribution Deadline for Employers is 4/15/2021.

2021 SIMPLE IRA Contribution Deadline for Employees is 12/31/2021.
2021 SIMPLE IRA Contribution Deadline for Employers is 4/15/2022.


2020/2021 – 401(k) and Solo(k) Contribution Limits

401(k) & Solo(k) Plans: Employee Salary Deferral Limits
YearStandard LimitCatch-up Limit (Age 50 and older)
2020$19,500$26,000
2020 Maximum$57,000$63,500
2021$19,500$26,000
2021 Maximum$58,000$64,500
2020 / 2021 401(k) & Solo(k) Contribution Deadline is December 31 for calendar year reporting.

2020/2021 CESA Contribution Limits

Coverdell Educational Savings Account (CESA) Contribution Limits
Standard Limit
(up to age 18)
Modified AGI Limits to Qualify for Account
$2,000Single: $95,000 – $110,000
Married Filing Joint: $190,000 – $220,000
2020 CESA Contribution Deadline is 4/15/2021.
2021 CESA Contribution Deadline is 4/15/2022.

For more CESA information see IRA Publication 970.

2020 – HSA Contribution Limits

Health Savings Account (HSA) Contribution Limits
High Deductible
Health Plan Coverage
Standard Limit
(under age 55)
Catch-up Limit
(Age 55 – 65, 65 and older if you qualify)
Individual (Self Only)$3,550$4,500
Family$7,100$8,000
Health Plan Requirements
High Deductible
Health Plan Coverage
Minimum Deductible
of at Least:
Annual Out-of-Pocket Expense Limit
Individual (Self Only)$1,400$6,900
Family$2,800$13,800
2020 HSA Contribution Deadline is 4/15/2021.

2021 – HSA Contribution Limits

Health Savings Account (HSA) Contribution Limits
High Deductible
Health Plan Coverage
Standard Limit
(under age 55)
Catch-up Limit
(Age 55 – 65, 65 and older if you qualify)
Individual (Self Only)$3,600$4,550
Family$7,200$8,100
Health Plan Requirements
High Deductible
Health Plan Coverage
Minimum Deductible
of at Least:
Annual Out-of-Pocket Expense Limit
Individual (Self Only)$1,400$7,000
Family$2,800$14,000
2021 HSA Contribution Deadline is 4/15/2022.

For more HSA information see IRA Publication 969.

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