Contribution Limits

2022 CONTRIBUTION LIMITS

Contribution Limits

2023 CONTRIBUTION LIMITS

TRADITIONAL/ROTH IRAS
Annual Contribution: $6,000
Catch-Up Contribution: $1,000
TRADITIONAL/ROTH IRAS
Annual Contribution: $6,500
Catch-Up Contribution: $1,000
SEP IRA
Annual Contribution: 25% of net earnings up to $61,000
SEP IRA
Annual Contribution: 25% of net earnings up to $66,000
SIMPLE IRA
Employee Salary Deferral: $14,000
Salary Deferral Catch-Up Contribution: $3,000
Employer Matching Contribution: Between 1-3% of employee’s deferral
Employer Non-Elective Contribution: 2% of employee’s compensation
SIMPLE IRA
Employee Salary Deferral: $15,500
Salary Deferral Catch-Up Contribution: $3,500
Employer Matching Contribution: Between 1-3% of employee’s deferral
Employer Non-Elective Contribution: 2% of employee’s compensation
401(K)/PROFIT-SHARING PLAN
Employee Salary Deferral: $20,500
Salary Deferral Catch-Up Contribution (ages 50 and older): $6,500
Employer Matching Contribution: Up to 25% of salary of self-employed earning
Total Combined Contribution-Salary Deferral plus Profit Sharing Match (under age 50): $61,000
Total Combined Contribution-Salary Deferral plus Profit Sharing Match (ages 50 or older): $67,500
401(K)/PROFIT-SHARING PLAN
Employee Salary Deferral: $22,500
Salary Deferral Catch-Up Contribution (ages 50 and older): $7,500
Employer Matching Contribution: Up to 25% of salary of self-employed earning
Total Combined Contribution-Salary Deferral plus Profit Sharing Match (under age 50): $66,000
Total Combined Contribution-Salary Deferral plus Profit Sharing Match (ages 50 or older): $73,500
HEALTH SAVINGS ACCOUNT (HSA)
Individual HSA Account: $3,650
Family HSA Account: $7,300
Additional Catch-Up Provision: $1,000
HEALTH SAVINGS ACCOUNT (HSA)
Individual HSA Account: $3,850
Family HSA Account: $7,750
Additional Catch-Up Provision: $1,000
EDUCATION SAVINGS ACCOUNT (ESA)
Annual Contribution (per beneficiary): $2,000
EDUCATION SAVINGS ACCOUNT (ESA)
Annual Contribution (per beneficiary): $2,000

Contribution Deadlines

December 2021

Roth Conversions must be completed by 12/31/2021.
HSAs must be established by 12/1/2021. You can contribute to your HSA until 4/15/2022.

January 30, 2022

SIMPLE IRA

April 15, 2022

Traditional Self Directed IRA
Roth Self Directed IRA
Education Savings Account (ESA)
Health Savings Account (HSA)

By Your Tax-Filing Deadline Plus Extensions

Solo/Individual 401(k)
SEP IRA

Visit the IRS’s website to learn more about IRA contribution limits, deadlines, and more.