2018 Contribution Limits for Retirement Accounts Core
By: Todd Schanel, CFA, CPA, CFP®
on December 2, 2016

Annual contribution limits for retirement savings accounts for 2016 and 2017, as established by the IRS, are listed below.  Please keep in mind that contributions to Traditional IRAs, Roth IRAs, and SEP IRAs can be made up until the time your tax return is due, including extensions.

2016 2017
Maximum Annual Traditional IRA contribution (under age 50) $5,500 $5,500
Maximum Annual Traditional IRA contribution (age 50 or over) $6,500 $6,500
Maximum Annual Roth IRA contribution (under age 50) $5,500 $5,500
Maximum Annual Roth IRA contribution (age 50 or over) $6,500 $6,500
Maximum Annual 401k, 403b or 457 salary deferral limit (under age 50) $18,000 $18,000
Maximum Annual 401k, 403b or 457 salary deferral limit (age 50 or over) $24,000 $24,000
Maximum SIMPLE salary deferral limit (under age 50) $12,500 $12,500
Maximum SIMPLE salary deferral limit (age 50 or over) $15,500 $15,500
Maximum employer SEP IRA contribution to an employee’s SEP*or solo 401k $53,000 $54,000
*the lesser of 25% of employee’s compensation and the listed amounts
Maximum Contribution to Health Savings Account
Individual
Family
HSA Catch-Up Contribution (age 50 or older)
$3,350
$6,750
$1,000
$3,400
$6,750
$1,000

 



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