Retirement Plan Contribution Limits for 2016

Low inflation is keeping the contribution and income limits mostly the same as in 2015.

How much can I contribute to my IRA and 401(k) in 2016? Are the income limits for Roth IRAs going to increase?

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Contribution Limits
Row 0 - Cell 0 20152016
401(k), 403(b), 457, Thrift Savings Plan contributions (not including employer contributions)$18,000$18,000
401(k), 403(b), 457, Thrift Savings Plan catch-up contributions (for workers 50+)$6,000$6,000
IRA and Roth IRA contributions$5,500$5,500
IRA and Roth IRA catch-up contributions (for workers 50+)$1,000$1,000
Solo 401(k)$53,000$53,000
Solo 401(k) catch-up contributions (for workers 50+)$6,000$6,000
Simplified Employee Pension$53,000$53,000
Swipe to scroll horizontally
Income Limits
Row 0 - Cell 0 20152016
Roth IRA, married filing jointly$193,000$194,000
Roth IRA, singles$131,000$132,000
Retirement savers' credit, married filing jointly$61,000$61,500
Retirement savers' credit, head of household$45,750$46,125
Retirement savers' credit, single or married filing separately$30,500$30,700

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Kimberly Lankford
Contributing Editor, Kiplinger's Personal Finance

As the "Ask Kim" columnist for Kiplinger's Personal Finance, Lankford receives hundreds of personal finance questions from readers every month. She is the author of Rescue Your Financial Life (McGraw-Hill, 2003), The Insurance Maze: How You Can Save Money on Insurance -- and Still Get the Coverage You Need (Kaplan, 2006), Kiplinger's Ask Kim for Money Smart Solutions (Kaplan, 2007) and The Kiplinger/BBB Personal Finance Guide for Military Families. She is frequently featured as a financial expert on television and radio, including NBC's Today Show, CNN, CNBC and National Public Radio.