Here are 2023 retirement contribution limits, together with HSA limits and related figures.
Figures on this page are adjusted for inflation each year. Also available are 2023 tax brackets and other tax figures, including personal exemptions. For prior year figures, visit our Reference Room.
IRA contributions
IRA contribution limit
| Under age 50 |
6,500 |
| 50 or older |
7,500 |
Deduction phaseout begins (employer plan participants)
| married filing jointly |
116,000 |
| single or head of household |
73,000 |
Roth IRA contribution phaseout begins
| married filing jointly |
218,000 |
| single or head of household |
138,000 |
Employer plans
Elective deferrals (401k, 403b)
| under age 50 |
22,500 |
| 50 or older |
30,000 |
SIMPLE accounts
| limitation |
15,500 |
Retirement savings contribution credit
Married filing jointly
| 50% up to |
43,500 |
| 20% up to |
47,500 |
| 10% up to |
73,000 |
Head of household
| 50% up to |
32,625 |
| 20% up to |
35,625 |
| 10% up to |
54,750 |
Other taxpayers
| 50% up to |
21,750 |
| 20% up to |
23,750 |
| 10% up to |
36,500 |
Social Security
Wage base
| Announced by SSA |
160,200 |
Health savings account (HSA)
Annual limitation on deductions
| self-only coverage |
3,850 |
| family coverage |
7,750 |
Minimum annual deductible
| self-only coverage |
1,500 |
| family coverage |
3,000 |
Maximum out-of-pocket expenses
| self-only coverage |
7,500 |
| family coverage |
15,000 |
More tax figures: Reference Room
