2021 CONTRIBUTION LIMITS
| Plans | Contribution | Salary Deferral | Catch-Up | ||
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| Traditional IRA | $6,000 | $1,000 | |||
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| Roth IRA | $6,000 | $1,000 | |||
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| SEP/IRA Employee | $58,000 or 25% of pay | ||||
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| SEP/IRA Self-Employed Owner | $58,000 or 20% of adjusted net earnings | ||||
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| SAR/SEP |
$19,500 or 25% of pay |
$6,500 | |||
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| SIMPLE IRA | $13,500 | $3,000 | |||
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| SIMPLE 401(k) | $13,500 | $3,000 | |||
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| 403(b) |
$58,000 or 100% of pay |
$19,500 |
$6,500 | ||
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| 457 |
$58,000 or 100% of pay |
$19,500 |
$6,500 | ||
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| 401(k) |
$58,000 or 100% of pay |
$19,500 |
$6,500 | ||
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| Individual 401(k) |
$58,000 or 100% of pay |
$19,500 |
$6,500 | ||
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| Profit Sharing |
$58,000 or 100% of pay |
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| Money Purchase |
$58,000 or 100% of pay |
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| Education Savings Account | $2,000 | ||||
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| 529 Plan 529 Plan |
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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  |
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2020 CONTRIBUTION LIMITS
| Plans | Contribution | Salary Deferral | Catch-Up | ||
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| Traditional IRA | $6,000 | $1,000 | |||
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| Roth IRA | $6,000 | $1,000 | |||
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| SEP/IRA Employee | $57,000 or 25% of pay | ||||
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| SEP/IRA Self-Employed Owner | $57,000 or 20% of adjusted net earnings | ||||
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| SAR/SEP |
$19,500 or 25% of pay |
$6,500 | |||
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| SIMPLE IRA | $13,500 | $3,000 | |||
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| SIMPLE 401(k) | $13,500 | $3,000 | |||
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| 403(b) |
$57,000 or 100% of pay |
$19,500 |
$6,500 | ||
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| 457 |
$57,000 or 100% of pay |
$19,500 |
$6,500 | ||
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| 401(k) |
$57,000 or 100% of pay |
$19,500 |
$6,500 | ||
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| Individual 401(k) |
$57,000 or 100% of pay |
$19,500 |
$6,500 | ||
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| Profit Sharing |
$57,000 or 100% of pay |
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| Money Purchase |
$57,000 or 100% of pay |
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| Education Savings Account | $2,000 | ||||
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| 529 Plan 529 Plan |
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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 |
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