Contribution Limits

What are the contribution limit in your IRA?

2021 Contribution Limits
Traditional IRA Contribution Limits
Under 50
$6,000
50 and Over
$7,000
Roth IRA Contribution Limits
Under 50
$6,000
50 and Over
$7,000
SEP Contribution Limits
Employer Contribution
Up to 25% of compensation / Max. of $58,000
SIMPLE IRA Contribution Limits
Employee Deferral, Under 50
$13,500
Employee Deferral, 50 and Over
$16,500
Individual 401(K) Plan IRA Contribution Limits
Employer Contribution
Up to 25% of compensation / Max. of $38,500
Employee Deferral, Under 50
Up to 100% of income / Max. of $19,500
Employee Deferral, 50 and Over
Up to 100% of income / Max. of $26,000
Health Savings Accounts
Single
Minimum Deductible
$1,400
Maximum Out-of-Pocket
$7,000
Contribution Limit
$3,600
55+ Single
Minimum Deductible
$1,400
Maximum Out-of-Pocket
$7,000
Contribution Limit
$4,600
Family
Minimum Deductible
$2,800
Maximum Out-of-Pocket
$14,000
Contribution Limit
$7,200
55+ Family
Minimum Deductible
$2,800
Maximum Out-of-Pocket
$14,000
Contribution Limit
$8,200

Prohibited transactions in IRA