Jan 18
2018 IRA Contribution Limits

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The maximum contribution limits for calendar year 2018 are:

Traditional or Roth IRA’s: For those under age 50 the limit is $5,500 and for those age 50 or over the limit is $6,500.

401K plan participants the limits are: Under age 50 the contribution limit is $18,500 and age 50 or over the contribution limit is $24,500.

Health savings accounts (HSAs): the maximum annual contributions are: $3,450 for an individual with self-only coverage under a high deductible health plan and $6,900 for an individual with family coverage.  Individuals who are 55 or older can also make a catch up contribution of $1,000.  For 2018 a “high deductible health plan” is one that has an annual deductible of at least $1,350 for individual-only coverage or $2,700 for family coverage and annual out-of-pocket expenses up to $6,650 for individual-only coverage or $13,300 for family coverage.

Coverdell Education Savings Account (ESA): the total contributions cannot be more than $2,000 in any year.