IRS 2021 Retirement Plan Contributions

Maximum workplace retirement plan contribution amounts

2020

2021

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

$19,500

$19,500

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

$6,500

$6,500

 

IRA contribution limits

2020

2021

Traditional and Roth IRAs for people younger than 50

$6,000

$6,000

Catch-up IRA contributions for people 50 and older

$1,000

$1,000

Defined benefit pension plan annual benefit limits

$230,000

$230,000

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

$57,000

$58,000

Annual contribution limit for SIMPLE plans

$13,500

$13,500

Catch-up contribution limit for people age 50 and up

$3,000

$3,000

 

Adjusted gross income phaseout range of IRA deductibility

2020

2021

Single and contributing to a workplace plan

$65,000
 to $75,000

$66,000
 to $76,000

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

$104,000
to $124,000

$105,000
to $125,000

Married and covered by a workplace place plan but filing separately

$0 to $10,000

$0 to $10,000

 

Roth IRA income eligibility phaseout

2020

2021

Single and head of household filers

$124,000
to $139,000

$125,000
to $140,000

Married filing jointly or qualified widow/widowers

$196,000,000
to $206,000

$198,000
to $208,000