What are the contribution limit in your IRA?
2023 Contribution Limits
| Traditional IRA Contribution Limits | |
|---|---|
| Under 50 | $6,500 |
| 50 and Over | $7,500 |
| Roth IRA Contribution Limits | |
|---|---|
| Under 50 | $6,500 |
| 50 and Over | $7,500 |
| SEP Contribution Limits | |
|---|---|
| Employer Contribution | Up to 25% of compensation / Max. of $66,000 |
| SIMPLE IRA Contribution Limits | |
|---|---|
| Employee Deferral, Under 50 | $15,500 |
| Employee Deferral, 50 and Over | $19,000 |
| Individual 401(k) Plan IRA Contribution Limits | |
|---|---|
| Employer Contribution | Up to 25% of compensation / Max. of $43,500 |
| Employee Deferral, Under 50 | Up to 100% of income / Max. of $22,500 |
| Employee Deferral, 50 and Over | Up to 100% of income / Max. of $30,000 |
| Health Savings Accounts | |
|---|---|
| Single | |
| Minimum Deductible | $1,500 |
| Maximum Out-of-Pocket | $7,500 |
| Contribution Limit | $3,850 |
| 55+ Single | |
| Minimum Deductible | $1,500 |
| Maximum Out-of-Pocket | $7,500 |
| Contribution Limit | $4,850 |
| Family | |
| Minimum Deductible | $3,000 |
| Maximum Out-of-Pocket | $15,000 |
| Contribution Limit | $7,750 |
| 55+ Family | |
| Minimum Deductible | $3,000 |
| Maximum Out-of-Pocket | $15,000 |
| Contribution Limit | $8,750 |
