Contribution Limits and Income Phase Outs

 

Contribution Limits

and Income Phase Outs

 

 
Maximum contribution to 401(k), 403(b) , and 457 plans $16,500
Catch-up contribution limits for 401(k), 403(b), and 457 plans $5,500
Maximum contribution to SIMPLE plans $11,500
Catch-up contribution limit for SIMPLE plans $2,500
Limit on annual contribution to defined contribution plans $49,000
Maximum contribution to Roth IRA, and Traditional IRA  $5,000
Catch-up contribution limit for IRA accounts  $1,000
Phase-out for American Opportunity (Hope) Credit (Married Filing Jointly)  $160,000-$180,000
Phase-out for Lifetime Learning Credit (Married Filing Jointly)  $102,000 - $122,000
Phase-out for Roth IRA contributions  (Married Filing Jointly)  $169,001 - $179,000