2016 Traditional & Roth IRA Contribution Limits
| Traditional & Roth IRA Contributions and Catch Up Provisions | ||
| Plan Name | Standard Limit | Catch-up Limit (Age 50 and older) |
| Traditional | $5,500 | $6,500 |
| Roth* | $5,500 | $6,500 |
| *Modified AGI Limits: 2016
Single: $117,000 – $132,000 Traditional & Roth IRA Contribution Deadline is 4/15/2017. However, extensions may apply. |
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SEP IRA Contribution Limits
| Simplified Employee Pension (SEP) IRA Contribution Limits | ||
| Year | Max Dollar Allocation | Max Considered Compensation |
| 2016 | $53,000 | $265,000 |
| The maximum amount that can be contributed to a simplified pension plan (SEP) plan is 25% of an employee’s compensation, which is capped at a maximum as indicated above.
2016 SEP IRA Contribution Deadline is 4/15/2017. However, extensions may apply. |
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