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Retirement Plan Contribution Limits

Account Type 2020 Limit 2021 Limit
IRAs Traditional and Roth IRA Contributions $6,000 $6,000
Age 50 and older catch-up limit $1,000 $1,000
Simple IRA Elective deferral limit $13,500 $13,500
Age 50 and older catch-up limit $3,000 $3,000
SEP IRA Maximum SEP contribution $57,000 $58,000
SEP compensation exclusion $600 $650
401(k), SARSEP, 403(b) and Governmental 457(b) Elective deferral limit $19,500 $19,500
Age 50 and older catch-up limit $6,500 $6,500
Profit Sharing, 401(k), SEP and Money Purchase Pension Defined contribution limit
(415(c) limit)
$57,000 $58,000

Health Savings Account Contribution Limits

Health Savings Account 2020 Limit 2021 Limit
Maximum contribution limit Individual Coverage $3,550 $3,600
Family Coverage $7,100 $7,200
Catch-up (age 55 by end of the year) $1,000 $1,000