Gamble Jones

2021 Retirement Account Contribution Limits

Below are the 2021 tax year contribution/deferral limits. Please review your unique tax situation with a professional before significantly altering your retirement savings tax strategy. Contact us with any retirement planning questions.

Traditional IRA* or Roth IRA**

  • Contribution Limit: $6,000 (2021)
  • Over 50 Catch-up: $1,000 (2021)

*Active retirement plan participants may not be entitled to a full deduction for their traditional IRA contributions depending on their modified adjusted gross income (irs.gov).

**Your ability to contribute to a Roth IRA depends on your modified adjusted gross income (irs.gov).

SEP IRA

  • Contribution Limit: Capped at the lower of $58k in 2021 or 25% of your self-employment net income. Consult your tax advisor before contributing to a SEP IRA.
  • The SEP IRA does not permit a catch-up contribution

SIMPLE IRA 

  • Employee Deferral Limit: $13,500 (2021)
  • Over 50 Catch-up: $3,000 (2021)
  • Employer Contribution Limit: Depends on the plan document

Defined Contribution Plans: 401(k), 403(b), 457(b), Roth 401(k)

  • Employee Deferral Limit: $19,500 (2021)
  • Over 50 Catch-up: $6,500 (2021)
  • Employer Contribution Limit: Depends on the plan document

Special Cases

  • Some 403(b) plans allow employees with at least 15 years of service to make an extra deferral that is separate from the standard $6,000 catch-up previously discussed. Click here for the IRS’s rules, and contact your employer to verify your options.


Please visit the IRS website for more details.  We are here to assist you so please do not hesitate to call.