Contribution Limits

 



Contribution Limits

2018

TRADITIONAL IRA

Under 50 $5,500
50 and Over $6,500

ROTH IRA

Under 50 $5,500
50 and Over $6,500

SEP IRA

Employer Contribution Up to 25% of compensation / Max. of $55,000

SIMPLE IRA

Employee Deferral, Under 50 $12,500
Employee Deferral, 50 and Over $15,500

INDIVIDUAL 401(K) IRA

Employer Contribution Up to 25% of compensation / Max. of $36,500
Catch Up Employee Deferrals (Age 50+) $6,000
Employee Deferral, Under 50 Up to 100% of income / Max. of $18,500
Employee Deferral, 50 and Over Up to 100% of income / Max. of $24,500

HEALTH SAVINGS ACCOUNTS

Single

Minimum Deductible $1,350
Maximum Out-of-Pocket $6,650
Contribution Limit $3,450

55+ Single

Minimum Deductible $1,350
Maximum Out-of-Pocket $6,650
Contribution Limit $4,450

Family

Minimum Deductible $2,700
Maximum Out-of-Pocket $13,300
Contribution Limit $6,900

55+ Family

Minimum Deductible $2,700
Maximum Out-of-Pocket $13,300
Contribution Limit $7,900