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

IRA, Simple IRA, SEP, and 401k Contribution Limits for 2019

Larry K. AndersonJanuary 21, 2019January 21, 2019

2019 2018 2017 IRAs IRA Contribution Limit $6,000 $5,500 $5,500 IRA Catch-Up Contributions 1,000 1,000 1,000 IRA AGI Deduction Phase-out Starting at Joint Return 103,000 101,000 99,000 Single or Head of Household 64,000 63,000 62,000 SEP SEP Minimum Compensation 600 600 600 SEP Maximum Contribution 56,000 55,000 54,000 SEP Maximum Compensation 280,000 275,000 270,000 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 […]