Daycare Tax Tips


Retirement Plan and IRA Contribution Limits

2007 through 2018

Traditional and Roth IRA Contribution Limits

The same general contribution limit applies to both Roth and traditional IRAs. However, your Roth IRA contribution may be limited based on your filing status and income.

2013-2018: $5,500 ($6,500 for taxpayers age 50 and over)

2008-2012: $5,000 ($6,000 for taxpayers age 50 and over)

2006-2007: $4,000 ($5,000 for taxpayers age 50 and over)


Simple IRA Simple IRA Contribution Limits

2015-2018: $12,500 ($15,500 for taxpayers age 50 and over)

2013-2014: $12,000 ($14,500 for taxpayers age 50 and over)

2009-2012: $11,500 ($14,000 for taxpayers age 50 and over)

2007-2008: $10,500 ($13,000 for taxpayers age 50 and over)


Read more for SEP and 401k maximums...


Simplified Employee Pension (SEP) Plan Contribution Limits

SEP-IRA contributions may not exceed 25% of compensation

2018: $55,000 (based on maximum compensation of $275,000)

2017: $54,000 (based on maximum compensation of $270,000)

2015-2016: $53,000 (based on maximum compensation of $265,000)

2014: $52,000 (based on maximum compensation of $260,000)

2013: $51,000 (based on maximum compensation of $255,000)

2012: $50,000 (based on maximum compensation of $250,000)

2009-2011: $49,000 (based on maximum compensation of $245,000)

2008: $46,000 (based on maximum compensation of $230,000)

2007: $45,000 (based on maximum compensation of $225,000)


401(k) Plan Contribution Limits

2018: $18,500 ($24,500 for taxpayers age 50 and over)

2015-2017: $18,000 ($24,000 for taxpayers age 50 and over)

2013-2014: $17,500 ($23,000 for taxpayers age 50 and over)

2012: $17,000 ($22,500 for taxpayers age 50 and over)

2009-2011: $16,500 ($22,000 for taxpayers age 50 and over)

2007-2008: $15,500 ($20,500 for taxpayers age 50 and over)


Last updated 26 November 2016

Posted on 2008-10-21 05:41:55

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