Stay Informed: IRS Limits

Find out how much you can save for retirement.

Review the IRS limits for 2018

The IRS has announced the 2018 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and most 457 plans, as well as income limits for IRA contribution deductibility. Contribution limits for Health Savings Accounts (HSAs) have also been announced. Please review an overview of the limits below.


401(k), 403(b), and most 457 plans
2017 2018
Age 49 and under $18,000 $18,500
Age 50 and older Additional $6,000 Additional $6,000


The IRS has also set limits on the total amount that may be contributed to your retirement savings account from all sources combined, including any employer matching or profit-sharing contributions, and any employee after-tax contributions. For 2018, the maximum is typically the lesser of 100% of compensation or $55,000. However, your employer's retirement plan might limit the compensation to something less than 100%; please refer to your plan's Summary Plan Description or plan document for other applicable limits.


Roth and Traditional IRA contribution limits
2017 2018
Age 49 and under Up to $5,500 (must have employment compensation) Up to $5,500 (must have employment compensation)
Age 50 and older Additional $1,000 Additional $1,000


Traditional IRA modified adjusted gross income limit for partial deductibility
2017 2018
Single $62,000 - $72,000 $63,000 - $73,000
Married - Filing joint returns $99,000 - $119,000 $101,000 - $121,000
Married - Filing separately $0 - $10,000 $0 - $10,000
Non-active participant spouse $186,000 - $196,000 $189,000 - $199,000


Roth IRA modified adjusted gross income phase-out ranges*
2017 2018
Single $118,000 - $133,000 $120,000 - $135,000
Married - Filing joint returns $186,000 - $196,000 $189,000 - $199,000
Married - Filing separately $0 - $10,000 $0 - $10,000
*As of 2010, there is no income limit for taxpayers who wish to convert a traditional IRA to a Roth IRA.



Health Savings Account (HSA) contribution limits
2017 2018

Individual (employer + employee)

$3,400 $3,450

Family (employer +employee)

$6,750 $6,900
Age 55 or older** Additional $1,000 Additional $1,000

**Catch-up contributions can be made any time during the year in which the HSA participant turns 55.



Next Steps

If you are not saving to the max in your workplace savings plan today, consider increasing your contribution in 2018 to the IRS limit of $18,500 to help reach your retirement savings goals.

Visit the contribution page on NetBenefits to review your current contribution rate and update it if necessary.

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