IRA Contribution Limits

2024 & 2025 IRA, HSA, CESA, and Solo 401(k) Plan Contribution Limits

IRA Contribution Limits, Catch Up Provisions, and Contribution Deadlines

2024 | 2025 Contribution Limit Summaries by Account Type

2024 Traditional & Roth IRA Contribution Limits

Traditional & Roth IRA Contributions and Catch Up Provisions
Plan Name	Standard Limit	Catch-up Limit (Age 50 and older)
Traditional	$7,000	$8,000
Roth ^*	$7,000	$8,000
* Modified Adjusted Gross Income (MAGI) Limits to be Eligible to Contribute: 2024 Single: $146,000 – $161,000 Married Filing Jointly: $230,000 – $240,000
2024 Traditional & Roth IRA Contribution Deadline is 4/15/2025.

2025 Traditional & Roth IRA Contribution Limits

Traditional & Roth IRA Contributions and Catch Up Provisions
Plan Name	Standard Limit	Catch-up Limit (Age 50 and older)
Traditional	$7,000	$8,000
Roth^*	$7,000	$8,000
* Modified Adjusted Gross Income (MAGI) Limits to be Eligible to Contribute: 2025 Single: $150,000 – $165,000 Married Filing Jointly: $236,000 – $246,000
2025 Traditional & Roth IRA Contribution Deadline is 4/15/2026.

Learn more about the Traditional IRA

Learn more about the Roth IRA

More Education: What Happens if You Over-Contribute?

2024/2025 SEP IRA Contribution Limits

Simplified Employee Pension (SEP) IRA Contribution Limits
Year	Max Dollar Allocation	Max Considered Compensation
2024	$69,000	$345,000
2025	$70,000	$350,000
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.
2024 SEP IRA Contribution Deadline is 4/15/2025.
2025 SEP IRA Contribution Deadline is 4/15/2026.

2024/2025 SIMPLE IRA Contribution Limits

Savings Incentive Match Plan for Employees (SIMPLE) IRA Contributions and Catch Up Provisions
Year	Standard Limit	Catch-up Limit (Age 50 and older)	Super Catch-up Limit (Age 60 to 63)
2024	$16,000	$19,500	N/A
2025	$16,500	$20,000	$21,750
Employers are generally required to match each employee’s salary reduction contributions, on a dollar-for-dollar basis, up to 3% of the employee’s compensation.
2024 SIMPLE IRA Contribution Deadline for Employees is 12/31/2024. 2024 SIMPLE IRA Contribution Deadline for Employers is 4/15/2025.
2025 SIMPLE IRA Contribution Deadline for Employees is 12/31/2025. 2025 SIMPLE IRA Contribution Deadline for Employers is 4/15/2026.

Learn more about the SIMPLE IRA

2024/2025 401(k) and Solo(k) Contribution Limits

401(k) & Solo(k) Plans: Employee Salary Deferral Limits
Year	Standard Limit	Catch-up Limit (Age 50 and older)	Super Catch-Up Limit (Age 60 – 63)
2024	$23,000	$30,500	N/A
2024 Maximum	$69,000	$76,500	N/A
2025	$23,500	$31,500	$34,750
2025 Maximum	$70,000	$77,500	$81,250
2024/2025 401(k) & Solo(k) Contribution Deadline is December 31 for calendar year reporting.

Learn more about the Solo 401(k)

2024/2025 CESA Contribution Limits

Coverdell Educational Savings Account (CESA) Contribution Limits
Standard Limit (up to age 18)	Modified AGI Limits to Qualify for Account
$2,000	Single: $95,000 – $110,000 Married Filing Joint: $190,000 – $220,000
2024 CESA Contribution Deadline is 4/15/2025. 2025 CESA Contribution Deadline is 4/15/2026.

For more CESA information, click here or see IRS Publication 970.

Access Your Free Coverdell Education Savings Account Report

2024 HSA Contribution Limits

Health Savings Account (HSA) Contribution Limits
High Deductible Health Plan Coverage	Standard Limit (under age 55)	Catch-up Limit (Age 55 – 65, 65 and older if you qualify)
Individual (Self Only)	$4,150	$5,150
Family	$8,300	$9,300
Health Plan Requirements
High Deductible Health Plan Coverage	Minimum Deductible of at Least:	Annual Out-of-Pocket Expense Limit
Individual (Self Only)	$1,600	$8,050
Family	$3,200	$16,100
2024 HSA Contribution Deadline is 4/15/2025.

2025 HSA Contribution Limits

Health Savings Account (HSA) Contribution Limits
High Deductible Health Plan Coverage	Standard Limit (under age 55)	Catch-up Limit (Age 55 – 65, 65 and older if you qualify)
Individual (Self Only)	$4,300	$5,300
Family	$8,550	$9,550
Health Plan Requirements
High Deductible Health Plan Coverage	Minimum Deductible of at Least:	Annual Out-of-Pocket Expense Limit
Individual (Self Only)	$1,650	$8,300
Family	$3,300	$16,600
2025 HSA Contribution Deadline is 4/15/2026.

For more HSA information, click here or see IRS Publication 969.Access Your Free Health Savings Account Report

Contribution Limits: Frequently Asked Questions

Can I still contribute to a Traditional IRA while also contributing to my workplace 401(k) or other retirement plan, or if my spouse is contributing to their workplace plan?

Yes, you can still contribute to a Traditional IRA; however, you might not achieve a tax deduction for the contribution – this is known as a “non-deductible contribution.” If your income is over a specified amount, defined by the IRS, you may only receive a partial deduction, or you may receive no deduction. When the non-deductible contributions are eventually distributed following the age of 59½, these funds are non-taxable upon withdrawal.

How much is too much? See the current IRS tables or view them on the IRS.gov website. Keep in mind, if you don’t have a workplace plan, but your spouse does, you may still fall into the non-deductible category.

Can I still make a spousal contribution if my spouse and I file tax returns separately?

No, if you have a non-working/earned-income-generating spouse, and you file returns separately, your earned income will not support their spousal IRA contribution.

What is the five-year Roth IRA seasoning rule?

In order to withdraw gains from your Roth IRA, the account must season, or be established, for at least five years, and you must be 59½ years old or older. Read more about the seasoning rule.

More FAQs

More Resources

Downloadable materials and IRS news to help you plan your contributions.

IRA Contributions & Deductions Infographic

Infographic summarizing IRS contribution limits and catch up provisions for retirement accounts.

Equity Trust IRA Contribution Limit Guide

Helpful summaries of each plan available, including specifics on annual contribution limits.

View 2025 Guide

View 2024 Guide

IRS News

November 1, 2024, WASHINGTON — IR-2024-285, The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. ^{(2025 IRA limit remains at $7,000)}

November 1, 2023, WASHINGTON — IR-2023-203, The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. ^{(2024 IRA limit increases to $7,000)}

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