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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 | $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. |
| 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: 2022 Single: $129,000 – $144,000 Married Filing Jointly: $204,000 – $214,000 2022 Traditional & Roth IRA Contribution Deadline is 4/15/2023. |
| Simplified Employee Pension (SEP) IRA Contribution Limits | ||
| Year | Max Dollar Allocation | Max Considered Compensation |
| 2021 | $58,000 | $290,000 |
| 2022 | $61,000 | $305,000 |
| 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. 2021 SEP IRA Contribution Deadline is 4/15/2022. |
| Savings Incentive Match Plan for Employees (SIMPLE) IRA Contributions and Catch Up Provisions | ||
| Year | Standard Limit | Catch-up Limit (Age 50 and older ) |
| 2021 | $13,500 | $16,500 |
| 2022 | $14,000 | $17,000 |
| 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. 2021 SIMPLE IRA Contribution Deadline for Employees is 12/31/2021. 2022 SIMPLE IRA Contribution Deadline for Employees is 12/31/2022. |
| 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 |
| 2021 CESA Contribution Deadline is 4/15/2022. 2022 CESA Contribution Deadline is 4/15/2023. |
For more CESA information see IRA Publication 970.
Access Your Free Coverdell Education Savings Account Report
| 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. |
| 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) | $3,650 | $4,650 |
| Family | $7,300 | $8,300 |
| Health Plan Requirements | ||
| High Deductible Health Plan Coverage | Minimum Deductible of at Least: | Annual Out-of-Pocket Expense Limit |
| Individual (Self Only) | $1,400 | $7,050 |
| Family | $2,800 | $14,100 |
| 2022 HSA Contribution Deadline is 4/15/2023. |
For more HSA information see IRA Publication 969.
Downloadable materials and IRS news to help you plan your contributions.
Helpful summaries of each plan available, including specifics on annual contribution limits.
View 2021 Guide
November 4, 2021, WASHINGTON — IR-2021-216, The Internal Revenue Service released contribution limits and eligibility income ranges for retirement plans. (2022 IRA limit remains unchanged at $6,000)
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. (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)
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