2021 CONTRIBUTION LIMITS

Plans Contribution Salary Deferral Catch-Up
 Traditional IRA $6,000   $1,000
 Roth IRA $6,000   $1,000
 SEP/IRA Employee $58,000 or 25% of pay    
 SEP/IRA Self-Employed Owner $58,000 or 20% of adjusted net earnings    
 SAR/SEP   $19,500
 or 25% of pay
$6,500
 SIMPLE IRA   $13,500 $3,000
 SIMPLE 401(k)   $13,500 $3,000
 403(b) $58,000
 or 100% of pay
$19,500
$6,500
 457 $58,000
 or 100% of pay
$19,500
$6,500
 401(k) $58,000
 or 100% of pay
$19,500
$6,500
 Individual 401(k) $58,000
 or 100% of pay
$19,500
$6,500
 Profit Sharing $58,000
 or 100% of pay
   
 Money Purchase $58,000
 or 100% of pay
   
 Education Savings Account $2,000    
 529 Plan
 529 Plan
  $15,000 per year
$75,000 single contribution (no further contribution until sixth year)
 Annual Gift Tax Exclusion per Individual $15,000
 Estate Tax Exemption Equivalent Individual $11,700,000 Couple $23,400,000
 (includes the Gift Tax Exemption Equivalent below)
 Gift Tax Exemption Equivalent per Individual $11,700,000 Couple $23,400,000
 (included in the  Estate Tax Exemption Equivalent above)
 Social Security Wage Base $142,800
 



2020 CONTRIBUTION LIMITS

Plans Contribution Salary Deferral Catch-Up
 Traditional IRA $6,000   $1,000
 Roth IRA $6,000   $1,000
 SEP/IRA Employee $57,000 or 25% of pay    
 SEP/IRA Self-Employed Owner $57,000 or 20% of adjusted net earnings    
 SAR/SEP   $19,500
 or 25% of pay
$6,500
 SIMPLE IRA   $13,500 $3,000
 SIMPLE 401(k)   $13,500 $3,000
 403(b) $57,000
 or 100% of pay
$19,500
$6,500
 457 $57,000
 or 100% of pay
$19,500
$6,500
 401(k) $57,000
 or 100% of pay
$19,500
$6,500
 Individual 401(k) $57,000
 or 100% of pay
$19,500
$6,500
 Profit Sharing $57,000
 or 100% of pay
   
 Money Purchase $57,000
 or 100% of pay
   
 Education Savings Account $2,000    
 529 Plan
 529 Plan
  $15,000 per year
$75,000 single contribution (no further contribution until sixth year)
 Annual Gift Tax Exclusion per Individual $15,000
 Estate Tax Exemption Equivalent Individual $11,580,000 Couple $23,160,000
 (includes the Gift Tax Exemption Equivalent below)
 Gift Tax Exemption Equivalent per Individual $11,580,000 Couple $23,160,000
 (included in the  Estate Tax Exemption Equivalent above)
 Social Security Wage Base $137,700