Overview: These are the current year maximum contribution and income limits for retirement accounts. Always try to set a goal each year to maximize as much as you can.
2025
- IRA:
- IRA age 50+ catch-up contribution:
- 401(k) employee deferral:
- 401(k) max contribution:
- 401(k) age 50+ catch-up contribution:
- HSA: $4,300 (single) and $8,550 (family)
- HSA age 55+ catch-up contribution: $1,000
- FSA’s: xxx ($xxx max carryover)
- Max salary for 401(k) calculations:
- Social Security Wage Base:
- I Bonds per SSN:
- I Bonds per tax return:
2024
- IRA: $7,000
- IRA age 50+ catch-up contribution: $1,000
- 401(k) employee deferral: $23,000
- 401(k) max contribution: $69,000
- 401(k) age 50+ catch-up contribution: $7,500
- HSA: $4,150 (single) and $8,300 (family)
- HSA age 55+ catch-up contribution: $1,000
- FSA’s: $3,200 ($640 max carryover)
- Max salary for 401(k) calculations: $345,000
- Social Security Wage Base: $168,600
- I Bonds per SSN: $10,000
- I Bonds per tax return: $5,000
2023
- IRA: $6,500
- IRA age 50+ catch-up contribution: $1,000
- 401(k) employee deferral: $22,500
- 401(k) max contribution: $66,000
- 401(k) age 50+ catch-up contribution: $7,500
- HSA: $3,850 (single) and $7,750 (family)
- HSA age 55+ catch-up contribution: $1,000
- FSA’s: $3,050 ($610 max carryover)
- Max salary for 401(k) calculations: $330,000
- Social Security Wage Base: $160,200
- I Bonds per SSN: $10,000
- I Bonds per tax return: $5,000
2022
- IRA: $6,000
- IRA age 50+ catch-up contribution: $1,000
- 401(k) employee deferral: $20,500
- 401(k) max contribution: $61,000
- 401(k) age 50+ catch-up contribution: $6,500
- HSA: $3,650 (single) and $7,300 (family)
- HSA age 55+ catch-up contribution: $1,000
- FSA’s: $2,850
- Max salary for 401(k) calculations: $305,000
- Social Security Wage Base: $147,000
- I Bonds per SSN: $10,000
- I Bonds per tax return: $5,000
2021
- IRA: $6,000
- IRA age 50+ catch-up contribution: $1,000
- 401(k) employee deferral: $19,500
- 401(k) max contribution: $58,000
- 401(k) age 50+ catch-up contribution: $6,500
- HSA: $3,600 (single) and $7,200 (family)
- HSA age 55+ catch-up contribution: $1,000
- FSA’s: $2,750
- Max salary for 401(k) calculations: $290,000
- Social Security Wage Base: $142,800
- I Bonds per SSN: $10,000
- I Bonds per tax return: $5,000
2020
- IRA: $6,000
- IRA age 50+ catch-up contribution: $1,000
- 401(k) employee deferral: $19,500
- 401(k) max contribution: $57,000
- 401(k) age 50+ catch-up contribution: $6,500
- HSA: $3,550 (single) and $7,100 (family)
- HSA age 55+ catch-up contribution: $1,000
- FSA’s: $2,750
- Max salary for 401(k) calculations: $285,000
- Social Security Wage Base: $137,700
- I Bonds per SSN: $10,000
- I Bonds per tax return: $5,000
2019
- IRA: $6,000
- IRA age 50+ catch-up contribution: $1,000
- 401(k) employee deferral: $19,000
- 401(k) max contribution: $56,000
- 401(k) age 50+ catch-up contribution: $6,000
- HSA: $3,500 (single) and $7,000 (family)
- HSA age 55+ catch-up contribution: $1,000
- FSA’s: $2,700
- Max salary for 401(k) calculations: $280,000
- Social Security Wage Base: $132,900
- I Bonds per SSN: $10,000
- I Bonds per tax return: $5,000
2018
- IRA: $5,500
- IRA age 50+ catch-up contribution: $1,000
- 401(k) employee deferral: $18,500
- 401(k) max contribution: $55,000
- 401(k) age 50+ catch-up contribution: $6,000
- HSA: $3,450 (single) and $6,900 (family)
- HSA age 55+ catch-up contribution: $1,000
- FSA’s: $2,650
- Max salary for 401(k) calculations: $275,000
- Social Security Wage Base: $128,400
- I Bonds per SSN: $10,000
- I Bonds per tax return: $5,000
IRS Limit Names
The max employee deferral is the 402(g) limit, the max 401(k) contribution is the 415(c) limit, the max salary for calculations is the 401(a)17 limit, and the max 401(k) catchup contribution is the 414(v) limit.