Contribution Limits 2017

Maximum workplace retirement plan contribution amounts

401(k), 403(b), most 457 plans and federal Thrift Savings Plan $18,000

Catch-up contributions in these plans for people 50 and older$6,000

IRA contribution limits 

Traditional and Roth IRAs for people younger than 50 $5,500

Catch-up IRA contributions for people 50 and older $1,000

Defined benefit pension plan annual benefit limits $215,000

Annual employer limit for 401(k)-type plans, SEP IRAs and solo 401(k)s $54,000

Annual contribution limit for SIMPLE plans $12,500

Catch-up contribution limit for people age 50 and up $3,000

Adjusted gross income phaseout range of IRA deductibility 2017

Single and contributing to a workplace plan $62,000 to $72,000

Married filing jointly when the spouse making the contribution has a workplace plan $99,000 to $119,000

Married filing jointly when the contributor isn’t covered by a workplace plan but the spouse is covered $186,000 to $196,000

Married and covered by a workplace place plan but filing separately$0 to $10,000

Roth IRA income eligibility phaseout 2017

Single and head of household filers $118,000 to $133,000

Married filing jointly or qualified widow/widowers $186,000 to $196,000

Married filing separately $0 to $10,000

Retirement savings contribution credit, or saver’s credit, income limits 2017

Married filing jointly couples $61,500 to $62,000

Heads of household $46,125 to $46,500

Single taxpayers $30,750 to $31,000

Source: Internal Revenue Service