2024 CONTRIBUTION LIMITS

Plans Contribution Salary Deferral Catch-Up
 Traditional IRA $7,000   $1,000
 Roth IRA $7.000   $1,000
 SEP/IRA Employee $69,000 or 25% of pay    
 SEP/IRA Self-Employed Owner $69,000 or 20% of adjusted net earnings    
 SAR/SEP   $23,000
 or 25% of pay		 $7,500
 SIMPLE IRA   $16,000 $3,500
 SIMPLE 401(k)   $16,000 $3,500
 403(b) $69,000
 or 100% of pay		 $23,000
 $7,500
 457 $69,000
 or 100% of pay		 $23,000
 $7,500
 401(k) $69,000
 or 100% of pay		 $23,000
 $7,500
 Individual 401(k) $69,000
 or 100% of pay		 $23,000
 $7,500
 Profit Sharing $69,000
 or 100% of pay		    
 Money Purchase $69,000
 or 100% of pay		    
 529 Plan
  $18,000 per year
 Annual Gift Tax Exclusion per Individual $18,000
 Estate Tax Exemption Equivalent Individual $13,610,000 Couple $27,220,000
 (includes the Gift Tax Exemption Equivalent below)
 Gift Tax Exemption Equivalent per Individual $13,610,000 Couple $27,220,000
 (included in the  Estate Tax Exemption Equivalent above)
 Social Security Wage Base $168,600
  



2023 CONTRIBUTION LIMITS

Plans Contribution Salary Deferral Catch-Up
 Traditional IRA $6,500   $1,000
 Roth IRA $6,500   $1,000
 SEP/IRA Employee $66,000 or 25% of pay    
 SEP/IRA Self-Employed Owner $66,000 or 20% of adjusted net earnings    
 SAR/SEP   $22,500
 or 25% of pay		 $7,500
 SIMPLE IRA   $15,500 $3,500
 SIMPLE 401(k)   $15,500 $3,500
 403(b) $66,000
 or 100% of pay		 $22,500
 $7,500
 457 $66,000
 or 100% of pay		 $22,500
 $7,500
 401(k) $66,000
 or 100% of pay		 $22,500
 $7,500
 Individual 401(k) $66,000
 or 100% of pay		 $22,500
 $7,500
 Profit Sharing $66,000
 or 100% of pay		    
 Money Purchase $66,000
 or 100% of pay		    
 Education Savings Account $2,000    
 529 Plan
 529 Plan
  $17,000 per year
$400,000 Oregon's single contribution (no further contribution until sixth year)
 Annual Gift Tax Exclusion per Individual $17,000
 Estate Tax Exemption Equivalent Individual $12,920,000 Couple $25,840,000
 (includes the Gift Tax Exemption Equivalent below)
 Gift Tax Exemption Equivalent per Individual $12,920,000 Couple $25,840,000
 (included in the  Estate Tax Exemption Equivalent above)
 Social Security Wage Base $160,200