Broker Check

2018-2019 IRA/Retirement Plan Limits

IRA and Roth IRA Contribution Limits
Contribution Limit

2018

2019

IRA and Roth IRA

$5,500

$6,000

Phase Out Income Limits for Deductible IRA Contributions – Covered by Employer Plan
Tax Filing Status

2018

2019

Single

$63,000-$73,000

$64,000-$74,000

Married – Filing Jointly

$101,000-$121,000

$103,000-$123,000

Married – Filing Separately

$0-$10,000

$0-$10,000

Married – Filing Jointly – Only Spouse Covered by Employer Plan

$189,000-$199,000

$193,000-$203,000

Phase Out Income limits for Roth IRA Contributions
Income Limit

2018

2019

Single

$120,000-$135,000

$122,000-$137,000

Married – Filing Jointly

$189,000-$199,000

$193,000-$203,000

Married – Filing Separately

$0-$10,000

$0-$10,000

Catch-up Contributions
Catch-up Contribution Limit

2018

2019

401(k), 403(b), 457(b) and SARSEP

$6,000

$6,000

SIMPLE IRA

$3,000

$3,000

Traditional or Roth IRA

$1,000 (not indexed)

$1,000 (not indexed)

Employer Defined Contribution Plans

2018

2019

Elective Deferral Limit – 401(k), 403(b), 457(b) and SARSEP

$18,500

$19,000

Elective Deferral Limit – SIMPLE IRA

$12,500

$13,000

Total Employer/Employee Contribution Limit – 401(k), 403(b), and 457(b) plans

$55,000  (or 100% of compensation if less)

$56,000  (or 100% of compensation if less)

Total Employer/Employee Contribution Limit – SEP

$55,000 (or 25% of compensation if less)

$56,000 (or 25% of compensation if less)

SEP IRA Participant Compensation Threshold

$600

$600

Recognized Compensation for Retirement Plans

$275,000

$280,000

Determine Highly Compensated Employee

$120,000

$125,000

“Key Employee” in a Top-Heavy Plan

$175,000

$180,000

Saver's Credit
Adjusted Gross Income Limit

2018

2019

Married – Filing Jointly

$63000

$64,000

Head of Household

$47,250

$48,000

Single, Married Filing Separately, Qualifying Widow(er)

$31,500

$32,000


Changes are in BOLD

Consulting your Tax-Advisor is always recommended

Nelson Securities, Inc. Member FINRA | SIPC

 

Page Last Reviewed or Updated: November 10, 2018