How Much You Can Contribute to Retirement Plans in 2015

You’ll be able to contribute more to employer plans, but IRA contribution limits will remain the same.

How much can I contribute to my IRA and 401(k) in 2015?

The contribution limits for your 401(k) will be higher in 2015 than in 2014. The maximum you’ll be able to stash in a 401(k), 403(b), 457 or the federal government’s Thrift Savings Plan will increase by $500, to $18,000 in 2015. The catch-up contribution limit for anyone who turns 50 in 2015 will also increase, from $5,500 to $6,000 (for a maximum contribution of $24,000).

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Contribution Limits
Row 0 - Cell 0 20142015
401(k), 403(b), 457, Thrift Savings Plan contributions(not including employer contributions)$17,500$18,000
401(k), 403(b), 457, Thrift Savings Plan catch-up contributions(for workers 50+)$5,500$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)$52,000$53,000
Solo 401(k) catch-up contributions (for workers 50+)$5,500$6,000
Simplified Employee Pension$52,000$53,000
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Income Limits
Row 0 - Cell 0 20142015
Roth IRA, married filing jointly$191,000$193,000
Roth IRA, singles$129,000$131,000
Retirement savers’ credit, married filing jointly$60,000$61,000
Retirement savers’ credit, head of household$45,000$45,750
Retirement savers’ credit, single or married filing separately$30,000$30,500

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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.