Jun 18, 2019 · Retirement Topics - IRA Contribution Limits. For 2015, 2016, 2017 and 2018, your total contributions to all of your traditional and Roth IRAs cannot be more than: $5,500 ($6,500 if you’re age 50 or older), or. your taxable compensation for the year, if your compensation was less than this dollar limit. Nov 01, 2018 · Simplified Employee Pension (SEP) IRA Contribution Limits: Year: Max Dollar Allocation: Max Considered Compensation: 2019: $56,000: $280,000: 2018: $55,000: $275,000: The maximum amount that can be contributed to a simplified pension plan (SEP) is 25% of an employee's compensation, which is capped at a maximum as indicated above.
Jan 02, 2019 · 2017 Maximum IRA Contribution Limits. The standard 2017 maximum IRA contribution limit is $5,500. This is unchanged from the prior limit, as previously noted. For those age 50 and over, the 2017 IRA catch-up contribution will also stay the same, at an additional $1,000. Jun 11, 2019 · Good news for retirement savers: The maximum amount that can be contributed to a traditional IRA increased by $500 for 2019. It's the first increase for the IRA contribution limit Author: Thomas H. Blanton.
The IRA contribution limit is $6,000 in 2019, up from $5,500 in 2018. People 50 and older can contribute an extra $1,000. But there are additional restrictions for some. The income phase-out range for taxpayers making Roth IRA contributions will be $122,000 to $137,000 for singles and heads of household (up from $120,000 to $135,000) and, for married couples Author: Michelle L. Ward.