2019 IRA Contribution Limit Guide
The IRS has published maximum IRA contribution limits and catch-up provisions for 2018 and 2019. Summaries for each account type are listed in the tables below.
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[close]IRA Contribution Limits, Catch Up Provisions and Contribution Deadlines
The IRS has published maximum IRA contribution limits and catch-up provisions for 2018 and 2019. Summaries for each account type are listed in the tables below.
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IRS NEWS: 401(k) contribution limit increases to $19,000 for 2019; IRA limit increases to $6,000
Nov. 1, 2018 – WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. The IRS today issued technical guidance detailing these items in Notice 2018-83.
READ MORE2019 Traditional & Roth IRA Contribution Limits
| Traditional & Roth IRA Contributions and Catch Up Provisions | ||
| Plan Name | Standard Limit | Catch-up Limit (Age 50 and older) |
| Traditional | $6,000 | $7,000 |
| Roth3 | $6,000 | $7,000 |
| 3Modified AGI Limits: 2019 Single: $122,000 – $137,000 Married Filing Jointly: $193,000 – $203,000 2019 Traditional & Roth IRA Contribution Deadline is 4/15/2020. |
2018 IRA Contribution Limit Guide
2018 Traditional & Roth IRA Contribution Limits
| Traditional & Roth IRA Contributions and Catch Up Provisions | ||
| Plan Name | Standard Limit | Catch-up Limit (Age 50 and older) |
| Traditional | $5,500 | $6,500 |
| Roth3 | $5,500 | $6,500 |
| 3Modified AGI Limits: 2018 Single: $120,000 – $135,000 Married Filing Jointly: $189,000 – $199,000 2018 Traditional & Roth IRA Contribution Deadline is 4/15/2019. |
2019/2018 – SEP IRA Contribution Limits
| Simplified Employee Pension (SEP) IRA Contribution Limits | ||
| Year | Max Dollar Allocation | Max Considered Compensation |
| 2019 | $56,000 | $280,000 |
| 2018 | $55,000 | $275,000 |
| 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. 2019 SEP IRA Contribution Deadline is 4/15/2020. 2018 SEP IRA Contribution Deadline is 4/15/2019. |
2019/2018 – SIMPLE IRA Contribution Limits
| Savings Incentive Match Plan for Employees (SIMPLE) IRA Contributions and Catch Up Provisions | ||
| Year | Standard Limit | Catch-up Limit (Age 50 and older ) |
| 2019 | $13,000 | $16,000 |
| 2018 | $12,500 | $15,500 |
| 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. 2019 SIMPLE IRA Contribution Deadline for Employees is 12/31/2019. 2019 SIMPLE IRA Contribution Deadline for Employers is 4/15/2020. 2018 SIMPLE IRA Contribution Deadline for Employees is 12/31/2018. 2018 SIMPLE IRA Contribution Deadline for Employers is 4/15/2019. |
2019/2018 – 401(k) and Solo(k) Contribution Limits
| 401(k) & Solo(k) Plans: Employee Salary Deferral Limits | ||
| Year | Standard Limit | Catch-up Limit (Age 50 and older) |
| 2019 | $19,000 | $25,000 |
| 2019 Maximum | $56,000 | $62,000 |
| 2018 | $18,500 | $24,500 |
| 2018 Maximum | $55,000 | $61,000 |
2019 / 2018 401(k) & Solo(k) Contribution Deadline is December 31 for calendar year reporting. |
2019 and 2018 CESA Contribution Limits
| 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 |
| 2019 CESA Contribution Deadline is 4/15/2020. 2018 CESA Contribution Deadline is 4/15/2019. |
2019 – 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) | $3,500 | $4,500 |
| Family | $7,000 | $8,000 |
| Health Plan Requirements | ||
| High Deductible Health Plan Coverage | Minimum Deductible of at Least: | Annual Out-of-Pocket Expense Limit |
| Individual (Self Only) | $1,350 | $ 6,750 |
| Family | $2,700 | $13,500 |
| 2019 HSA Contribution Deadline is 4/15/2020. |
2018 – 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) | $3,450 | $4,450 |
| Family | $6,900 | $7,900 |
| Health Plan Requirements | ||
| High Deductible Health Plan Coverage | Minimum Deductible of at Least: | Annual Out-of-Pocket Expense Limit |
| Individual (Self Only) | $1,350 | $ 6,650 |
| Family | $2,700 | $13,300 |
| 2018 HSA Contribution Deadline is 4/15/2019. |
For more information see IRA Publication 969.