Contribute to Your IRA / 401(k) Account

IRA Contribution Form

Always Check with Your Tax Advisor Before Making a Contribution

Contribution Limits

Select category below to view limit table.

Traditional IRA Contribution Limits

YearAge 49 & BelowAge 50 & Above
2024-2025$7,000$8,000
2023$6,500$7,500
2019-2022$6,000$7,000
2013-2018$5,500$6,500
2008-2012$5,000$6,000

Roth IRA Phase-Out Range & Limits

YearSingleMarried Filing Jointly
2025≥ $150,000 but < $165,000≥ $236,000 but < $246,000
2024≥ $146,000 but < $161,000≥ $230,000 but < $240,000
2023≥ $138,000 but < $153,000≥ $218,000 but < $228,000
2022≥ $129,000 but < $144,000≥ $204,000 but < $214,000
2021≥ $125,000 but < $140,000≥ $198,000 but < $208,000
2020≥ $124,000 but < $139,000≥ $196,000 but < $206,000
2019≥ $122,000 but < $137,000≥ $193,000 but < $203,000
*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. Be sure to discuss your Roth contribution with your tax advisor.

401k Contribution Limits

YearAge 49 & BelowAge 50 & Above
2025$23,500$31,000
2024$23,000$30,500
2023$22,500$30,000
2022$20,500$27,000
2020-2021$19,500$26,000
2019$19,000$25,000

SEP IRA Limit

YearMax Dollar AllocationMax Considered Compensation
2025$70,000$350,000
2024$69,000$345,000
2023$66,000$330,000
2022$61,000$305,000
2021$58,000$290,000
2020$57,000$285,000
2019$56,000$280,000
*The 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. Please discuss all contributions with your tax advisor.

SIMPLE IRA

YearMaximum Contribution (if under age 50)Maximum Contribution (if over age 50)Contribution Deadline
2025$16,500$20,000

04/15/2025
(plus extensions)

2024$16,000$19,500

04/15/2024
(plus extensions)

2023$15,500$19,000

04/15/2023
(plus extensions)

2022$14,000$17,000

04/15/2022
(plus extensions)

2020-2021$13,500$16,500

04/15/2021
(plus extensions)

2019$13,000$16,000

04/15/2019
(plus extensions)

*SIMPLE IRAs must be established by Oct 1.

HSA Contribution Limits

YearEmployer+Employee Catch-up Contributions (age 55 or older)Minimum DeductiblesMax Out-of-Pocket Amounts
2025

Self-only: $4,300
Family: $8,550

$1,000

Self-only: $1,600
Family: $2,800

Self-only: $8,050
Family: $16,100

2024

Self-only: $4,150
Family: $8,300

$1,000

Self-only: $1,600
Family: $2,800

Self-only: $8,050
Family: $16,100

2023

Self-only: $3,850
Family: $7,750

$1,000

Self-only: $1,400
Family: $2,800

Self-only: $7,050
Family: $14,100

2022

Self-only: $3,650
Family: $7,300

$1,000

Self-only: $1,400
Family: $2,800

 

Self-only: $7,050
Family: $14,100

2021

Self-only: $3,600
Family: $7,200

$1,000

Self-only: $1,400
Family: $2,800

 

Self-only: $7,000
Family: $14,000