The table below are the retirement contribution limits for 2018 and 2019.  Individuals have until the due date of their tax return (April 15, 2019 for 2018 Individual Income Tax Returns) for certain retirement plans.  In addition, certain individuals may qualify for the retirement savers tax credit for their contributions.  Additional catch up contributions may be allowed for those 50 years and older.  Certain income limitations may apply, please contact us with additional questions.

RETIREMENT CONTRIBUTIONS 2018 2019
IRA Contributions
Base Contribution $5,500 $6,000
Age 50 Catch Up $1,000 $1,000
Simple IRA
Base Contribution $12,500 $13,000
Age 50 Catch Up $3,000 $3,000
401(k), 403(b), 457 Plan
Base Contribution $18,500 $19,000
Age 50 Catch Up $6,000 $6,000
Defined Contribution – Limit $55,000 $56,000