Account Contribution Limits

Account Type	Requirements		Contribution Limit	More Reading
Tax Year 2024
Traditional or Roth IRA Contribution (subject to phaseouts, limited by wages)	Age 49 and under		$7,000	Should I Fund a Roth or a Traditional Account? Do Large Roth Conversions Require Backdoor Roth Contributions? Change from 2023: +$500 to the contribution limit Catch-up contribution stays at $1,000
	Age 50 and over		$8,000

Employee Elective Deferral 401(k) or 403(b) plans	Age 49 and under		$23,000	Choosing Between Your Employee Retirement Account Options Is Funding My 401(k) Match Sufficient to Fund My Retirement? Change from 2023: +$500 to the elective deferral Catch-up contribution remains at $7,500
Employee Elective Deferral 401(k) or 403(b) plans	Age 50 and over		$30,500

Employee Deferred Compensation 457(b) plans	Age 49 and under		$23,000	There also may be special 457(b) catch-up contributions when you are 3 years prior to the plan’s specified retirement age. Change from 2023: +$500 to the elective deferral Catch-up contribution remains at $7,500
Employee Deferred Compensation 457(b) plans	Age 50 and over		$30,500

Employee Elective Deferral SIMPLE 401(k) or IRA Plan (with further limitations)	Age 49 and under		$16,000	Change from 2023: +$500 to the elective deferral Catch-up contribution remains at $3,500
	Age 50 and over		$19,500

SEP IRA Employer Contribution 401(k), 403(b), or 457 plans Employer Contribution	The smaller of:		$69,000 or 25% of compensation	Can I Contribute to Both a SEP and a 401(k)? Individual 401(k) Elective Deferral Limits and Deadlines Service: Retirement Plan Management For 401(k), 403(b), or 457 plans, the total is brought to $75,500 with age 50 catch-up. The SEP IRA does not have a catch-up. Change from 2023: +$3,000 to the limitation for defined contribution plans

Health Savings Account (HSA) Contribution	Single Plan	Age 54 and under	$4,150	When Should You Stop Funding Your HSA? When Partial-Year HSA Contribution Limits Don’t Apply A Guide to HSA Qualified Medical Expenses, Contributions, and Family Plans with Adult Children Service: Health Savings Account Advice Change from 2023: +$300 to base single contribution limit +$550 to base family contribution limit
	Single Plan	Age 55 and over	$5,150
	Family Plan	Age 54 and under	$8,300
	Family Plan	Age 55 and over	$9,300
	Other Spouse Catch-Up	Age 54 and under	+$0	Both Spouses Can Make The HSA Catch-Up Contribution Catch-up contribution remains at $1,000
	Other Spouse Catch-Up	Age 55 and over	+$1,000

Annual Gift Exclusion	Per Donee / Donor Combination		$18,000	Gifts, Taxes, and IRS Form 709 Annual Exclusion From Gift Taxes IRS: Frequently Asked Questions on Gift Taxes Change from 2023: +$1,000 to the annual limit

Tax Year 2025
Account Type	Requirements		Contribution Limit	More Reading
Traditional or Roth IRA Contribution (subject to phaseouts, limited by wages)	Age 49 and under		$7,000	Should I Fund a Roth or a Traditional Account? Do Large Roth Conversions Require Backdoor Roth Contributions? Change from 2024: No change to the contribution limit from last year. Catch-up contribution stays at $1,000
	Age 50 and over		$8,000

401(k) or 403(b) plans Employee Elective Deferral	Age 49 and under		$23,500	Choosing Between Your Employee Retirement Account Options Is Funding My 401(k) Match Sufficient to Fund My Retirement? Change from 2024: +$500 to the elective deferral Catch-up contribution remains at $7,500 New catch-up contribution for ages 60-63 of $11,250 (150% of Catch-up)
	Age 50 to Age 59		$31,000
	Age 60 to Age 63		$34,750
	Age 64 and over		$31,000

457(b) plans Employee Deferred Compensation	Age 49 and under		$23,500	There also may be special 457(b) catch-up contributions when you are 3 years prior to the plan’s specified retirement age. Change from 2024: +$500 to the elective deferral Catch-up contribution remains at $7,500 New catch-up contribution for ages 60-63 of $11,250 (150% of Catch-up)
	Age 50 to Age 59		$31,000
	Age 60 to Age 63		$34,750
	Age 64 and over		$31,000

SIMPLE 401(k) or IRA Plan Employee Elective Deferral (with further limitations)	Age 49 and under		$16,500	Change from 2024: +$500 to the elective deferral Catch-up contribution remains at $3,500 New catch-up contribution for ages 60-63 of $5,250 (150% of Catch-up)
	Age 50 to Age 59		$20,000
	Age 60 to Age 63		$21,750
	Age 64 and over		$20,000

SEP IRA Employer Contribution 401(k), 403(b), or 457 plans Employer Contribution	The smaller of:		$70,000 or 25% of compensation	Can I Contribute to Both a SEP and a 401(k)? Individual 401(k) Elective Deferral Limits and Deadlines Service: Retirement Plan Management For 401(k), 403(b), or 457 plans, the total is brought to $77,500 with age 50 catch-up or $81,250 with the age 60-63 catch-up. The SEP IRA does not have a catch-up. Change from 2024: +$1,000 to the limitation for defined contribution plans

Pension-Linked Emergency Savings Account (ESA)	The portion of the account attributable to participant contributions cannot exceed:		$2,500	Contribution limit can be made smaller by the plan sponsor. Only available to non-highly compensated employees. Change from 2024: No change to the limit from last year.

Health Savings Account (HSA) Contribution	Single Plan	Age 54 and under	$4,300	When Should You Stop Funding Your HSA? When Partial-Year HSA Contribution Limits Don’t Apply A Guide to HSA Qualified Medical Expenses, Contributions, and Family Plans with Adult Children Service: Health Savings Account Advice Change from 2024: +$150 to base single contribution limit +$250 to base family contribution limit
	Single Plan	Age 55 and over	$5,300
	Family Plan	Age 54 and under	$8,550
	Family Plan	Age 55 and over	$9,550
	Other Spouse Catch-Up	Age 54 and under	+$0	Both Spouses Can Make The HSA Catch-Up Contribution Catch-up contribution remains at $1,000
	Other Spouse Catch-Up	Age 55 and over	+$1,000

Annual Gift Exclusion	Per Donee / Donor Combination		$19,000	Gifts, Taxes, and IRS Form 709 Annual Exclusion From Gift Taxes IRS: Frequently Asked Questions on Gift Taxes Change from 2024: +$1,000 to the annual limit
Qualified Charitable Distribution (QCD)	IRA Owner Having Attained Age 70 1/2		$108,000	Qualified Charitable Distributions (QCDs) QCD Limitation Starts Inflation-Adjusting in 2024 (Secure 2.0) Change from 2024: +$3,000 to the aggregate amount

Need help figuring out which account to fund first?
You may enjoy our Account Funding Priorities series.

You can find the IRS page on the same topic here: Retirement Topics – Contributions

Previous years:

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Account Contribution Limits

Tax Year 2024

Tax Year 2025

Need help figuring out which account to fund first? You may enjoy our Account Funding Priorities series.

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Need help figuring out which account to fund first?
You may enjoy our Account Funding Priorities series.