IRS 2017 Retirement Plan Contributions

Maximum workplace retirement plan contribution amounts

2016

2017

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

$18,000

$18,000

Catch-up contributions in these plans for people 50 and older

$6,000

$6,000

 

IRA contribution limits

2016

2017

Traditional and Roth IRAs for people younger than 50

$5,500

$5,500

Catch-up IRA contributions for people 50 and older

$1,000

$1,000

Defined benefit pension plan annual benefit limits

$210,000

$215,000

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

$53,000

$54,000

Annual contribution limit for SIMPLE plans

$12,500

$12,500

Catch-up contribution limit for people age 50 and up

$3,000

$3,000

 

Adjusted gross income phaseout range of IRA deductibility

2016

2017

Single and contributing to a workplace plan

$61,000
 to $71,000

$62,000
 to $72,000

Married filing jointly when the spouse making the contribution has a workplace plan

$98,000
to $118,000

$99,000
to $119,000

Married filing jointly when the contributor isn't covered by a workplace plan but the spouse is covered

$184,000
to $194,00

$186,000
to $196,000

Married and covered by a workplace place plan but filing separately

$0 to $10,000

$0 to $10,000

 

Roth IRA income eligibility phaseout

2016

2017

Single and head of household filers

$117,000
to $132,000

$118,000
to $133,000

Married filing jointly or qualified widow/widowers

$184,000
to $194,000

$186,000
to $196,000

Married filing separately

$0
to $10,000

$0
to $10,000

 

Retirement savings contribution credit, or saver's credit, income limits

2016

2017

Married filing jointly couples

$61,500

$62,000

Heads of household

$46,125

$46,500

Single taxpayers

$30,750

$31,000