IRA Contribution Limits, Catch Up Provisions, and Contribution Deadlines
Traditional & Roth IRA | SEP IRA | SIMPLE IRA | Solo 401(k) | CESA | HSA
| Traditional & Roth IRA Contributions and Catch Up Provisions | ||
| Plan Name | Standard Limit | Catch-up Limit (Age 50 and older) |
| Traditional | $7,000 | $8,000 |
| Roth * | $7,000 | $8,000 |
| * Modified Adjusted Gross Income (MAGI) Limits to be Eligible to Contribute: 2024 Single: $146,000 – $161,000 Married Filing Jointly: $230,000 – $240,000 |
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| 2024 Traditional & Roth IRA Contribution Deadline is 4/15/2025. | ||
| Traditional & Roth IRA Contributions and Catch Up Provisions | ||
| Plan Name | Standard Limit | Catch-up Limit (Age 50 and older) |
| Traditional | $7,000 | $8,000 |
| Roth* | $7,000 | $8,000 |
| * Modified Adjusted Gross Income (MAGI) Limits to be Eligible to Contribute: 2025 Single: $150,000 – $165,000 Married Filing Jointly: $236,000 – $246,000 |
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| 2025 Traditional & Roth IRA Contribution Deadline is 4/15/2026. | ||
| Simplified Employee Pension (SEP) IRA Contribution Limits | ||
| Year | Max Dollar Allocation | Max Considered Compensation |
| 2024 | $69,000 | $345,000 |
| 2025 | $70,000 | $350,000 |
| 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. | ||
| 2024 SEP IRA Contribution Deadline is 4/15/2025. | ||
| 2025 SEP IRA Contribution Deadline is 4/15/2026. | ||
| Savings Incentive Match Plan for Employees (SIMPLE) IRA Contributions and Catch Up Provisions | |||
| Year | Standard Limit | Catch-up Limit (Age 50 and older) | Super Catch-up Limit (Age 60 to 63) |
| 2024 | $16,000 | $19,500 | N/A |
| 2025 | $16,500 | $20,000 | $21,750 |
| 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. | |||
| 2024 SIMPLE IRA Contribution Deadline for Employees is 12/31/2024. 2024 SIMPLE IRA Contribution Deadline for Employers is 4/15/2025. |
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| 2025 SIMPLE IRA Contribution Deadline for Employees is 12/31/2025. 2025 SIMPLE IRA Contribution Deadline for Employers is 4/15/2026. |
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| Coverdell Educational Savings Account (CESA) Contribution Limits | |
| Standard Limit (up to age 18) |
Modified AGI Limits to Qualify for Account |
| $2,000 | Single: $95,000 – $110,000 Married Filing Joint: $190,000 – $220,000 |
| 2024 CESA Contribution Deadline is 4/15/2025. 2025 CESA Contribution Deadline is 4/15/2026. |
|
| 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) | $4,150 | $5,150 |
| Family | $8,300 | $9,300 |
| Health Plan Requirements | ||
| High Deductible Health Plan Coverage |
Minimum Deductible of at Least: |
Annual Out-of-Pocket Expense Limit |
| Individual (Self Only) | $1,600 | $8,050 |
| Family | $3,200 | $16,100 |
| 2024 HSA Contribution Deadline is 4/15/2025. | ||
| 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) | $4,300 | $5,300 |
| Family | $8,550 | $9,550 |
| Health Plan Requirements | ||
| High Deductible Health Plan Coverage |
Minimum Deductible of at Least: |
Annual Out-of-Pocket Expense Limit |
| Individual (Self Only) | $1,650 | $8,300 |
| Family | $3,300 | $16,600 |
| 2025 HSA Contribution Deadline is 4/15/2026. | ||
Access Your Free Health Savings Account ReportCan I still contribute to a Traditional IRA while also contributing to my workplace 401(k) or other retirement plan, or if my spouse is contributing to their workplace plan?
Can I still make a spousal contribution if my spouse and I file tax returns separately?
What is the five-year Roth IRA seasoning rule?
Downloadable materials and IRS news to help you plan your contributions.
Infographic summarizing IRS contribution limits and catch up provisions for retirement accounts.
Helpful summaries of each plan available, including specifics on annual contribution limits.
View 2024 Guide
November 1, 2024, WASHINGTON — IR-2024-285, The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. (2025 IRA limit remains at $7,000)
November 1, 2023, WASHINGTON — IR-2023-203, The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. (2024 IRA limit increases to $7,000)
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© 2025 Equity Trust®. All rights reserved.
Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust Company is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional. Equity Institutional services institutional clients of Equity Trust Company. Brokerage Services Available Through ETC Brokerage Services, Member SIPC, and FINRA. *Founded in 1974 | Self-Directed IRA Custodian since 1983. The predecessor business to Equity Trust Company was established in 1974 and the IRS approved as a custodian in 1983. **Assets under custody and administration as of 04/30/2025. 1ici.org, total assets in IRAs as of 12/2024
Terms of UsePrivacy PolicySite Map
© 2025 Equity Trust®. All rights reserved.
Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust Company is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional. Equity Institutional services institutional clients of Equity Trust Company. Brokerage Services Available Through ETC Brokerage Services, Member SIPC, and FINRA. *Founded in 1974 | Self-Directed IRA Custodian since 1983. The predecessor business to Equity Trust Company was established in 1974 and the IRS approved as a custodian in 1983. **Assets under custody and administration as of 04/30/2025. 1ici.org, total assets in IRAs as of 12/2024
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