IRA and 401k Contribution Limits

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IRA and 401k Contribution Limits
Retirement Plan / Qualified Plan Limits
IRA Contribution LimitsRoth IRA Phase-Out Range & Limits
401k Contribution LimitsDefined Contribution Plans Limits
Simple IRA LimitsSEP IRA Limits
403(b) Contribution LimitsSection 457 Plan Limits
IRA Contribution Limits
Year AGE 49 & BELOW AGE 50 & ABOVE
2002-2004$3,000$6,000
2005$4,000$4,500
2006-2007$4,000$5,000
2008$5,000$6,000
2009$5,000$6,000
2010$5,000$6,000
2011$5,000$6,000
2012$5,000$6,000
2013$5,500$6,500
2014$5,500$5,500
2015$5,500$6,500
2016$5,500$6,500
2017$5,500$6,500
2018$5,500$6,500
Roth IRA Phase-Out Range & Limits
Year Single Married Filing Jointly
2005$95,000 - $110,000$150,000 - $160,000
2006$95,000 - $110,000$150,000 - $160,000
2007$99,000 - $114,000$156,000 - $166,000
2008$101,000 - $116,000$159,000 - $169,000
2009$105,000 - $120,000$166,000 - $176,000
2010$105,000 - $120,000
*(Rollover limit removal)
$167,000 - $177,000
*(Rollover limit removal)
2011$107,000 - $122,000$169,000 - $179,000
2012$110,000 - $125,000$173,000 - $183,000
2013$112,000 - $127,000$178,000 - $188,000
2014$114,000 - $129,000$181,000 - $191,000
2015$116,000 - $131,000$183,000 - $193,000
2016$117,000 - $132,000$184,000 - $194,000
2017$118,000 - $133,000$186,000 - $196,000
2018$120,000 - $135,000$189,000 - $199,000
You can contribute to a Roth IRA if your income falls below the Roth limits. You're
allowed a prorated contribution if your income falls within the "phase-out" range. If your
income exceeds the income range you won't qualify for a Roth IRA contribution. *Though
the 2010 Roth IRA conversion limit is removed, phase out limits still apply for contribution.
401k Contribution Limits
Year AGE 49 & BELOW AGE 50 & ABOVE
2005$14,000$18,000
2006$15,000$20,000
2007$15,500$20,500
2008$15,500$20,500
2009$16,500$22,000
2010$16,500$22,000
2011$16,500$22,000
2012$17,000$22,500
2013$17,500$23,000
2014$17,500$23,000
2015$18,000$24,000
2016$18,000$24,000
2017$18,000$24,000
2018$18,500$24,500
Defined Contribution Plans, basic limits
Year Max Dollar
Allocation
Max Considered
Compensation
2005$42,000$210,000
2006$44,000$220,000
2007$45,000$225,000
2008$46,000$230,000
2009$49,000$245,000
2010$49,000$245,000
2011$49,000$245,000
2012$50,000$250,000
2013$51,000$255,000
2014$52,000$260,000
2015$53,000$265,000
2016$53,000$265,000
2017$54,000$270,000
2018$55,000$275,000
The maximum amount that can be contributed to a defined contribution plan is 25% of
an employee's compensation, which is capped at a maximum, per above.
Simple IRA Limit
Year AGE 49 & BELOW AGE 50 & ABOVE
20056$10,000$12,000
2006$10,000$12,500
2007$10,500$13,000
2008$10,500$13,000
2009$11,500$14,000
2010$11,500$14,000
2011$11,500$14,000
2012$11,500$14,000
2013$12,000$14,500
2014$12,000$14,500
2015$12,500$15,500
2016$12,500$15,500
2017$12,500$15,500
2018$12,500$15,500
SEP IRA Limit
Year Max Dollar
Allocation
Max Considered
Compensation
2005$42,000$210,000
2006$44,000$220,000
2007$45,000$225,000
2008$46,000$230,000
2009$49,000$245,000
2010$49,000$245,000
2011$49,000$245,000
2012$50,000$250,000
2013$51,000$255,000
2014$52,000$260,000
2015$53,000$265,000
2016$53,000$265,000
2017$54,000$270,000
2018$55,000$275,000
The maximum amount that can be conThe maximum amount that can be contributed to a simplified employee pension (SEP) plan is 25% of an employee's compensation, which is capped at a maximum, per above.
403(b) Contribution Limits
Year AGE 49 & BELOW AGE 50 & ABOVE
2005$14,000$18,000
2006$15,000$20,000
2007$15,500$20,500
2008$15,500$20,500
2009$16,500$22,000
2010$16,500$22,000
2011$16,500$22,000
2012$17,000$22,500
2013$17,500$23,000
2014$17,500$23,000
2015$18,000$24,000
2016$18,000$24,000
2017$18,000$24,000
2018$18,500$24,500
Section 457 Plan Limits
Year AGE 49 & BELOW AGE 50 & ABOVE
2005$14,000$18,000
2006$15,000$20,000
2007$15,500$20,500
2008$15,500$20,500
2009$16,500$22,000
2010$16,500$22,000
2011$16,500$22,000
2012$17,000$22,500
2013$17,500$23,000
2014$17,500$23,000
2015$18,000$24,000
2016$18,000$24,000
2017$18,000$24,000
2018$18,500$24,500

Source: IRS Retirement Plans

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