Contribution Limits

What are the contribution limit in your IRA?

2022 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 $61,000
SIMPLE IRA Contribution Limits
Employee Deferral, Under 50
$14,000
Employee Deferral, 50 and Over
$17,000
Individual 401(k) Plan IRA Contribution Limits
Employer Contribution
Up to 25% of compensation / Max. of $40,500
Employee Deferral, Under 50
Up to 100% of income / Max. of $20,500
Employee Deferral, 50 and Over
Up to 100% of income / Max. of $27,000
Health Savings Accounts
Single
Minimum Deductible
$1,400
Maximum Out-of-Pocket
$7,050
Contribution Limit
$3,650
55+ Single
Minimum Deductible
$1,400
Maximum Out-of-Pocket
$7,050
Contribution Limit
$4,650
Family
Minimum Deductible
$2,800
Maximum Out-of-Pocket
$14,100
Contribution Limit
$7,300
55+ Family
Minimum Deductible
$2,800
Maximum Out-of-Pocket
$14,100
Contribution Limit
$8,300

Prohibited transactions in IRA