The 2022 IRA & 401k Contribution Limits
401k Contributions• 2022 limit is $20,500• Catch-up contribution if age 50 or older $6,500IRA Contributions• Roth: Contribution limit $6,000• Traditional: Contribution limit $6,000• Catch-up: Contribution if age 50 or older $1,000Traditional IRA DeductibilitySingle filers covered by employer planMAGI Range: $68,000 – $78,000Married couples filing jointly, contributor covered by employer planMAGI Range: $109,000 – $129,000Joint filer […]
2021 IRA and 401k Contribution Limits
401k Contributions • 2021 limit is $19,500 • Catch-up contribution if age 50 or older $6,500 IRA Contributions • Roth: Contribution limit $6,000 • Traditional: Contribution limit $6,000 • Catch-up: Contribution if age 50 or older $1,000 Traditional IRA Deductibility Single filers covered by employer plan MAGI Range: $66,000 – $76,000 Married couples filing jointly, […]
2019 IRA and 401k Contribution Limits
401k Contributions • 2019 limit is $19,000 • Catch-up contribution is $6,000 IRA Contributions • Roth: Contribution limit $6,000 • Traditional: Contribution limit $6,000 • Catch-up: Stayed the same at $1,000 Traditional IRA Deductibility Single filers covered by employer plan MAGI Range: $64,000 – $74,000 Married couples filing jointly, contributor covered by employer plan MAGI […]
