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IRA Contribution Limits

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2022 & 2021 IRA, HSA, CESA, and Solo 401(k) Plan Contribution Limits

IRA Contribution Limits, Catch Up Provisions, and Contribution Deadlines

2021 | 2022 Contribution Limit Summaries by Account Type

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

2021 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:
2021

Single: $125,000 – $140,000
Married Filing Jointly: $198,000 – $208,000
2021 Traditional & Roth IRA Contribution Deadline is 4/15/2022.

2022 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:
2022

Single: $129,000 – $144,000
Married Filing Jointly: $204,000 – $214,000
2022 Traditional & Roth IRA Contribution Deadline is 4/15/2023.


2021/2022 – SEP IRA Contribution Limits

Simplified Employee Pension (SEP) IRA Contribution Limits
YearMax Dollar AllocationMax 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.
2022 SEP IRA Contribution Deadline is 4/15/2023.


2021/2022 – 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 )
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.
2021 SIMPLE IRA Contribution Deadline for Employers is 4/15/2022.

2022 SIMPLE IRA Contribution Deadline for Employees is 12/31/2022.
2022 SIMPLE IRA Contribution Deadline for Employers is 4/15/2023.


2021/2022 – 401(k) and Solo(k) Contribution Limits

401(k) & Solo(k) Plans: Employee Salary Deferral Limits
YearStandard LimitCatch-up Limit (Age 50 and older)
2021$19,500$26,000
2021 Maximum$58,000$64,500
2022$20,500$27,000
2022 Maximum$61,000$67,500
2021 / 2022 401(k) & Solo(k) Contribution Deadline is December 31 for calendar year reporting.

2021/2022 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
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

2021 – 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)$3,600 $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.

2022 – 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)$3,650$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.

Access Your Free Health Savings Account Report

More Resources

Downloadable materials and IRS news to help you plan your contributions.

2022 Contribution Limits Infographic

IRA Contributions & Deductions Infographic

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

View 2022

View 2021
2022 Contribution Limits Guide

Equity Trust IRA Contribution Limit Guide

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

View 2022 Guide

View 2021 Guide

IRS News

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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