2015 Official IRS IRA, Roth IRA and 401K Contribution Limits

Millions of Americans contribute to an employer sponsored 401K or traditional IRA (Individual Retirement Account). And over the last few years the government has steadily been increasing the maximum contribution people can make to ensure that folks can build a larger nest egg during retirement. But thanks for the low inflation environment seen over the preceding year, the IRS announced that IRA limits will remain unchanged while 401k and related retirement plan limits should only see a moderate increases.

Annual 401k contribution limits (which also applies to 403b, 457 plans, and the federal government’s Thrift Savings Plan) will increase by $500 to $18,000 in 2015. The catch-up contribution for those over 50, will also increase by $500 to $6,000. For the the are self-employed, the total employer plus employee contributions to all defined contribution plans by the same employer will go up by $1,000 from $52,000 to $53,000 in 2015.

Year	Employee Contribution Max	Maximum Employer Contribution	Max. for ALL Contributions (excl. Catch-up)	Additional Catch-up Amount (age > 50)	Super Catch-up Amount (age 60 to 63)
2026	$24,500	$47,500	$72,000	$8,000	$4,000
2025	$23,500	$46,500	$70,000	$7,500	$3,750
2024	$23,000	$46,000	$69,000	$7,500	N/A
2023	$22,500	$43,500	$66,000	$7,500	N/A
2022	$20,500	$40,500	$61,000	$6,500	N/A
2021	$19,500	$38,500	$58,000	$6,500	N/A
2020	$19,500	$37,500	$57,000	$6,500	N/A

The annual IRA contributions limit will remain at $5,500 for most taxpayers and $6,500 for those 50 and older. See more details here.

Year	IRA Contribution Limit	IRA Contribution - Tax Deduction Qualification Income Phase-out Ranges
2026	$7,500 ($8,600 if > 50 years old)	(Single and have Employer Plan) - 81,000 to $91,000 (Married and have Employer Plan) - $129,000,000 to $149,000 (Married Filing Separately and have Employer Plan) - $0 to $10,000 (Married filing jointly with a spouse covered by a plan at work) - $240,000 to $250,000
2025	$7,000 ($8,000 if > 50 years old)	(Single and have Employer Plan) - $79,000 to $89,000 (Married and have Employer Plan) - $126,000,000 to $146,000 (Married Filing Separately and have Employer Plan) - $0 to $10,000 (Married filing jointly with a spouse covered by a plan at work) - $236,000 to $246,000
2024	$7,000 ($8,000 if > 50 years old)	(Single and have Employer Plan) - $77,000 to $87,000 (Married and have Employer Plan) - $123,000,000 to $143,000 (Married Filing Separately and have Employer Plan) - $0 to $10,000 (Married filing jointly with a spouse covered by a plan at work) - $230,000 to $240,000
2023	$6,500 ($7,500 if > 50 years old)	(Single and have Employer Plan) - $73,000 to $83,000 (Married and have Employer Plan) - $116,000,000 to $136,000 (Married Filing Separately and have Employer Plan) - $0 to $10,000
2022	$6,000 ($7,000 if > 50 years old)	(Single and have Employer Plan) - $68,000 to $78,000 (Married and have Employer Plan) - $109,000 to $129,000 (Married Filing Separately and have Employer Plan) - $0 to $10,000

2015 Roth IRA limits are shown below. See more details and roll over rule updates here.

SIMPLE 401k or SIMPLE IRA contributions annual limits are also expected to increase by $500 from $12,000 $12,500 in 2015.

A variety of other statutory tax limits are expected to see slight upward adjustments in 2015. Here is a summary of key 2015 tax changes, including project tax brackets.