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
Married Filing Jointly: $184,000 – $194,0002016

Traditional & Roth IRA Contribution Deadline is 4/15/2017. However, extensions may apply.


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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