Contribution Limits

Traditional | Roth | Coverdell ESA | HSA | 401(k) | SIMPLE | SEP

Click each plan name for more information.

Plan Types 2016 Deadline 2017 Deadline
Traditional IRA *
Regular Limit $5,500 April 15, 2017 $5,500 April 15, 2018
Age 50 Catch-Up Limit $1,000 April 15, 2017 $1,000 April 15, 2018
Roth IRA *
Regular Limit $5,500 April 15, 2017 $5,500 April 15, 2018
Age 50 Catch-Up Limit $1,000 April 15, 2017 $1,000 April 15, 2018
Married/filing jointly or qualified widow(er):
AGI < $186,000
Up to the limit April 15, 2017 Up to the limit April 15, 2018
Married/filing jointly or qualified widow(er):
AGI < / = $186,000 < $196,000
reduced amount** April 15, 2017 reduced amount** April 15, 2018
Married/filing jointly or qualified widow(er):
AGI > / = $196,000
$0.00 April 15, 2017 $0.00 April 15, 2018
Married filing separately (lived with spouse)
AGI < $10,000
reduced amount** April 15, 2017 reduced amount** April 15, 2018
Married filing separately (lived with spouse)
AGI > / = $10,000
$0.00 April 15, 2017 $0.00 April 15, 2018
Single/head of household or married filing separately:
AGI < $118,000
Up to the limit April 15, 2017 Up to the limit April 15, 2018
Single/head of household or married filing separately:
AGI > / = $118,000 < $133,000
reduced amount** April 15, 2017 reduced amount** April 15, 2018
Single/head of household or married filing separately:
AGI > / + $133,000
$0.00 April 15, 2017 $0.00 April 15, 2018
Coverdell ESA
Contribution Limit*** $2,000 April 15, 2017 $2,000 April 15, 2018
HSA
Maximum Limit
Self-Only Coverage
$3,350 April 15, 2017 $3,400 April 15, 2018
Maximun Limit
Family Coverage
$6,750 April 15, 2017 $6,750 April 15, 2018
Age 55 Catch-Up Limit**** $1,000 April 15, 2017 $1,000 April 15, 2018
HDHP Minimum Annual Deductible
Self-Only Coverage
$1,300 April 15, 2017 $1,300 April 15, 2018
HDHP Minimum Annual Deductible
Family Coverage
$2,600 April 15, 2017 $2,600 April 15, 2018
HDHP Maximum Out of Pocket
Self-Only Coverage
$6,550 April 15, 2017 $6,550 April 15, 2018
HDHP Maximum Out of Pocket
Family Coverage
$13,100 April 15, 2017 $13,100 April 15, 2018
401(k)
Elective Deferral Limit $18,000 Deferred from last paycheck or December 31, 2016 $18,000 Deferred from last paycheck or December 31, 2017
Age 50 Catch-Up Limit $6,000 Deferred from last paycheck or December 31, 2016 $6,000 Deferred from last paycheck or December 31, 2017
Defined contribution maximum deferral
(employer/employee combined)
$53,000 April 15, 2017 or October 15, 2017 with extension $54,000 April 15, 2018 or October 15, 2018 with extension
SIMPLE
Elective Deferral Limit $12,500 Deferred from last paycheck or December 31, 2016 $12,500 Deferred from last paycheck or December 31, 2017
Age 50 Catch-Up Limit $3,000 Deferred from last paycheck or December 31, 2016 $3,000 Deferred from last paycheck or December 31, 2017
Defined contribution maximum deferral
(employer/employee combined)
$53,000 April 15, 2017 or October 15, 2017 with extension $54,000 April 15, 2018 or October 15, 2018 with extension
Limitation on Compensation $265,000 $270,000
SEP
Defined contribution maximum deferral
(employer/employee combined)
$53,000 October 1, 2017 $54,000 October 1, 2018
Limitation on Compensation $265,000 $270,000
Minimum Compensation $600 $600

*If you have both Traditional AND Roth IRAs, your maximum contribution to either one or to both is limited to $5,500 total, plus $1,000 if age 50 or older.

**Consult your financial advisor, accountant or tax specialist.

***Companies may contribute to ESA’s (no income limit).

****If more than 1 person in the Family Plan is over 55 an additional account is required to make catch-up contribution.