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IRA Contribution Limits

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
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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.)

READ MORE

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

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


2019 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:
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 NameStandard LimitCatch-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
YearMax Dollar AllocationMax 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
YearStandard LimitCatch-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
YearStandard LimitCatch-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
$2,000Single: $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.

Access Our Free CESA Guide

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.

Access Our Free HSA Guide