This page lists retirement contribution limits and related numbers for 2014, with 2013 figures for comparison. See bottom of page for links to other categories of numbers, including tax rate schedules and general figures such as personal exemptions and standard deductions.
Status: These figures have been confirmed against IRS numbers.
IRA contributions
IRA contribution limit
| Under age 50 |
5,500 |
5,500 |
| 50 or older |
6,500 |
6,500 |
Deduction phaseout begins (employer plan participants)
| married filing jointly |
95,000 |
96,000 |
| single or head of household |
59,000 |
60,000 |
Roth IRA contribution phaseout begins
| married filing jointly |
178,000 |
181,000 |
| others |
112,000 |
114,000 |
Employer plans
Elective deferrals (401k, 403b)
| under age 50 |
17,500 |
17,500 |
| 50 or older |
23,000 |
23,000 |
SIMPLE accounts
| limitation |
12,000 |
12,000 |
Retirement savings contribution credit
Married filing jointly
| 50% up to |
35,500 |
36,000 |
| 20% up to |
38,500 |
39,000 |
| 10% up to |
59,000 |
60,000 |
Head of household
| 50% up to |
26,625 |
27,000 |
| 20% up to |
28,875 |
29,250 |
| 10% up to |
44,250 |
45,000 |
Other taxpayers
| 50% up to |
17,750 |
18,000 |
| 20% up to |
19,750 |
19,500 |
| 10% up to |
29,500 |
30,000 |
Social Security
Wage base
| Announced by SSA |
113,700 |
117,000 |
Health savings account (HSA)
Annual limitation on deductions
| self-only coverage |
3,250 |
3,300 |
| family coverage |
6,450 |
6,550 |
Minimum annual deductible
| self-only coverage |
1,250 |
1,250 |
| family coverage |
2,500 |
2,500 |
Maximum out-of-pocket expenses
| self-only coverage |
6,250 |
6,350 |
| family coverage |
12,500 |
12,700 |
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