2019/2020 IRA Contribution Limits & Catch-Up Provisions

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2019-2020 IRA, HSA, CESA and Solo 401(k) Plan Contribution Limits

IRA Contribution Limits, Catch Up Provisions and Contribution Deadlines

2020 IRA Contributions & Deductions Infographic

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

2019 IRA Contributions & Deductions Infographic

Equity Trust 2020 IRA Contribution Limit Guide

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

VIEW GUIDE

IRS.gov Retirement Topics – IRA Contribution Limits

The IRS has published maximum IRA contribution limits and catch-up provisions for 2019 and 2020.
^{(Summaries for each account type are listed in the tables below.)}

IRS News

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

IRS NEWS

2019 | 2020 Contribution Limit Summaries by Account Type

2019 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.

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

2019/2020 – SEP IRA Contribution Limits

Simplified Employee Pension (SEP) IRA Contribution Limits
Year	Max Dollar Allocation	Max Considered Compensation
2019	$56,000	$280,000
2020	$57,000	$285,000
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. 2020 SEP IRA Contribution Deadline is 4/15/2021.

2019/2020 – 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
2020	$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. 2019 SIMPLE IRA Contribution Deadline for Employees is 12/31/2019. 2019 SIMPLE IRA Contribution Deadline for Employers is 4/15/2020. 2020 SIMPLE IRA Contribution Deadline for Employees is 12/31/2020. 2018 SIMPLE IRA Contribution Deadline for Employers is 4/15/2021.

2019/2020 – 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
2020	$19,500	$26,000
2020 Maximum	$57,000	$63,500
2019 / 2020 401(k) & Solo(k) Contribution Deadline is December 31 for calendar year reporting.

2019/2020 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. 2020 CESA Contribution Deadline is 4/15/2021.

For more CESA information see IRA Publication 970.

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.

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	$4,550
Family	$7,100	$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	$ 6,900
Family	$2,800	$13,800
2020 HSA Contribution Deadline is 4/15/2021.

For more HSA information see IRA Publication 969.

IRA Contribution Limits