Little Change 2016-2017 IRA and 401K Limits

The IRS announced the 2017 contributions limits for retirement plans and there are only minor changes in some of the limits. Many taxpayers have until April 15, 2017 to make contributions that will be deductible on their 2016 tax return..

401K Contribution

Catchup Contribution 50+

IRA Contribution

IRA Catchup 50+

ROTH Phase Out
Single/HOH
Married

Saver's Credit Income Limit
Single
HOH
Married

2017

$18,000

$6,000

$5,500

$1,000

$118,000-$133,000
$186,000-$196,000

<$62,000
<$46,500
<$31,000

Questions about the right retirement plan for you? contact Steve Jenkins

2016

$18,000

$6,000

$5,500

$1,000

$117,000-$132,000
$184,000-$194,000

<$61,500
<$46,125
<$30,750