Contribution Limits

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

Click each plan name for more information.

Plan Types 2016 2017
Traditional IRA *
Regular Limit $5,500 $5,500
Age 50 Catch-Up Limit $1,000 $1,000
Roth IRA *
Regular Limit $5,500 $5,500
Age 50 Catch-Up Limit $1,000 $1,000
Married/filing jointly or qualified widow(er):
AGI < $186,000
Up to the limit Up to the limit
Married/filing jointly or qualified widow(er):
AGI < / = $186,000 < $196,000
reduced amount** reduced amount**
Married/filing jointly or qualified widow(er):
AGI > / = $196,000
$0.00 $0.00
Married filing separately (lived with spouse)
AGI < $10,000
reduced amount** reduced amount**
Married filing separately (lived with spouse)
AGI > / = $10,000
$0.00 $0.00
Single/head of household or married filing separately (didn’t live with spouse):
AGI < $118,000
Up to the limit Up to the limit
Single/head of household or married filing separately:
AGI > / = $118,000 < $133,000
reduced amount** reduced amount**
Single/head of household or married filing separately:
AGI > / + $133,000
$0.00 $0.00
Coverdell ESA
Contribution Limit*** $2,000 $2,000
HSA
Maximum Limit
Self-Only Coverage
$3,350 $3,400
Maximun Limit
Family Coverage
$6,750 $6,750
Age 55 Catch-Up Limit**** $1,000 $1,000
HDHP Minimum Annual Deductible
Self-Only Coverage
$1,300 $1,300
HDHP Minimum Annual Deductible
Family Coverage
$2,600 $2,600
HDHP Maximum Out of Pocket
Self-Only Coverage
$6,550 $6,550
HDHP Maximum Out of Pocket
Family Coverage
$13,100 $13,100
401(k)
Elective Deferral Limit $18,000 $18,000
Age 50 Catch-Up Limit $6,000 $6,000
Defined contribution maximum deferral
(employer/employee combined)
$53,000 $54,000
SIMPLE
Elective Deferral Limit $12,500 $12,500
Age 50 Catch-Up Limit $3,000 $3,000
Defined contribution maximum deferral
(employer/employee combined)
$53,000 $54,000
Limitation on Compensation $265,000 $270,000
SEP
Defined contribution maximum deferral
(employer/employee combined)
$53,000 $54,000
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.