Retirement Plans – Larry K. Anderson, P.C.

IRA, Simple IRA, SEP, and 401k Contribution Limits for 2018

Larry K. AndersonMay 31, 2018

2018 2017 2016 IRAs IRA Contribution Limit $5,500 $5,500 $5,500 IRA Catch-Up Contributions 1,000 1,000 1,000 IRA AGI Deduction Phase-out Starting at Joint Return 101,000 99,000 98,000 Single or Head of Household 63,000 62,000 61,000 SEP SEP Minimum Compensation 600 600 600 SEP Maximum Contribution 55,000 54,000 53,000 SEP Maximum Compensation 275,000 270,000 265,000 SIMPLE […]

IRA Contribution FAQ’s

Larry K. AndersonApril 21, 2016June 21, 2016

The contribution limit for 2016 is $5,500, or $6,500 if you’re age 50 or older. Your Roth IRA contributions may also be limited based on your filing status and income. See IRA Contribution Limits. Is my IRA contribution deductible on my tax return? If neither you nor your spouse is covered by a retirement plan […]