Contribution Limits for IRAs and Other Tax-Advantaged Plans
Traditional and Roth IRA, SIMPLE IRA, SEP IRA, HSA, and Coverdell ESA contribution limits, Traditional & Roth IRA MAGI phase-out ranges, and HDHP deductibles/out-of-pocket limits
Printable job aid for quick reference: Contribution Limits for IRAs and Other Tax-Advantaged Plans
Traditional and Roth IRAs
| Tax Year | Annual Limit (Under Age 50) | Catch-Up Contribution (Age 50+) |
| 2027 | $7,500 | $1,100 |
| 2026 | $7,500 | $1,100 |
| 2025 | $7,000 | $1,000 |
| 2024 | $7,000 | $1,000 |
Roth IRA MAGI Phase-Out Ranges (for eligibility)
If an IRA owner's modified adjusted gross income (MAGI) falls below the phase-out ranges provided based on the individual's filing status, the IRA owner may be eligible to make a full Roth IRA contribution. If an IRA owner's MAGI falls within the phase-out ranges provided based on the individual's filing status, the IRA owner may be eligible to make a partial Roth IRA contribution.
Any IRA owner with a MAGI that exceeds the phase-out ranges provided based on the individual's filing status, the IRA owner cannot make a Roth IRA contribution.
| Tax Year | Single Individuals | Married, Filing a Joint Tax Return | Married, Filing Separate Tax Returns |
| 2027 | $158,000 - $173,000 | $250,000 - $260,000 | $0 - $10,000 |
| 2026 | $153,000 - $168,000 | $242,000 - $252,000 | $0 - $10,000 |
| 2025 | $150,000 - $165,000 | $236,000 - $246,000 | $0 - $10,000 |
| 2024 | $146,000 - $161,000 | $230,000 - $240,000 | $0 - $10,000 |
Traditional IRA MAGI Phase-Out Ranges (for deductibility)
If an IRA owner or the owner’s spouse was covered by a retirement plan at work during the year, the amount of the IRA contribution eligible to be deducted may be reduced, or phased out, until it is eliminated, depending on the individual's filing status and modified adjusted gross income (MAGI).
If neither the IRA owner nor the owner's spouse is covered by a retirement plan at work, the individual may deduct all Traditional IRA contributions, regardless of income.
| Tax Year | Single, Active Participant | Married Active Participant (filing joint tax return) | Married Active Participant (filing separate tax return) | Spouse of Active Participant |
| 2027 | $83,000 - $93,000 | $133,000 - $153,000 | $0 - $10,000 | $250,000 - $260,000 |
| 2026 | $81,000 - $91,000 | $129,000 - $149,000 | $0 - $10,000 | $242,000 - $252,000 |
| 2025 | $79,000 - $89,000 | $126,000 - $146,000 | $0 - $10,000 | $236,000 - $246,000 |
| 2024 | $77,000 - $87,000 | $123,000 - $143,000 | $0 - $10,000 | $230,000 - $240,000 |
SIMPLE IRAs
| Tax Year | Annual Deferral Contribution Limit | Catch-Up Deferral Limit | Higher Catch-Up (Ages 60-63) |
| 2027 | $17,500 ($19,100*) | $4,000 ($3,850*) | $5,250 |
| 2026 | $17,000 ($18,100*) | $4,000 ($3,850*) | $5,250 |
| 2025 | $16,500 | $3,500 | $5,250 |
| 2024 | $16,000 | $3,500 | N/A |
*Amount in parentheses applies to employers with 25 or fewer employees.
SEP IRAs
Contributions an employer can make to an employee’s SEP IRA generally cannot exceed the lesser of 25% of the employee’s compensation, or the “maximum contribution” limit indicated below for that tax year. The employer SEP document will specify how this amount is determined and allocated to employees.
| Tax Year | Maximum Contribution |
| 2027 | $75,000 |
| 2026 | $72,000 |
| 2025 | $70,000 |
| 2024 | $69,000 |
Health Savings Accounts
|
Tax Year |
Single Coverage Annual Limit* | Family Coverage Annual Limit* | Catch-Up Contribution (Age 55+) |
| 2027 | $4,500 | $9,000 | $1,000 |
| 2026 | $4,400 | $8,750 | $1,000 |
| 2025 | $4,300 | $8,550 | $1,000 |
| 2024 | $4,150 | $8,300 | $1,000 |
*Monthly limits are the annual limit divided by 12.
Health Savings Accounts - HDHP Minimum Deductible and Maximum Out-of-Pocket Limits
These limits determine if a plan is a qualified high-deductible health plan (HDHP).
| Tax Year |
Single Coverage Minimum Deductible/Maximum Out-of-Pocket |
Family Coverage Minimum Deductible/Maximum Out-of-Pocket |
| 2027 | $1,750/$8,700 | $3,500/$17,400 |
| 2026 | $1,700/$8,500 | $3,400/$17,000 |
| 2025 | $1,650/$8,300 | $3,300/$16,600 |
| 2024 | $1,600/$8,050 | $3,200/$16,100 |
Coverdell ESA
Annual contribution limit is $2,000.