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Retirement Plan Contribution Limits

Account Type 2017 Limit 2018 Limit
IRAs Traditional and Roth IRA Contributions $5,500 $5,500
Age 50 and older catch-up limit $1,000 $1,000
Simple IRA Elective deferral limit $12,500 $12,500
Age 50 and older catch-up limit $3,000 $3,000
SEP IRA Maximum SEP contribution $54,000 $55,000
SEP compensation exclusion $600 $600
401(k), SARSEP, 403(b) and Governmental 457(b) Elective deferral limit $18,000 $18,500
Age 50 and older catch-up limit $6,000 $6,000
Profit Sharing, 401(k), SEP and Money Purchase Pension Defined contribution limit
(415(c) limit)
$54,000 $55,000

Health Savings Account Contribution Limits

Health Savings Account 2017 Limit 2018 Limit
Maximum contribution limit Individual Coverage $3,400 $3,450
Family Coverage $6,750 $6,900
Catch-up (age 55 by end of the year) $1,000 $1,000