
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
 |
|
 |

|
|