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Archive for the ‘401K’ Category

2010 IRA Contribution Limits

Monday, April 11th, 2011

Contribution limits and filing deadlines for IRA’s, Roth IRA’s, Profit Sharing Plans and individual 401K’s.

 Traditional IRA Contribution Amounts / Deadlines

Year Maximum Contribution
(if under age 50)
Maximum Contribution
(if over age 50)
Contribution Deadline Limits on Tax Deductibility
2010 $5,000 $6,000 4/18/2011 Neither You or Your Spouse in Employer Plan – Contribution is Fully Tax Deductible
You’re in an Employer Plan
Single $56,000-$66,000
Married- Filing Jointly $89,000-$109,000
Married- Filing Separately $0-$10,000
Only Your Spouse in an Employer Plan
Married- Filing Jointly $167,000-$177,000
Married- Filing Separately $0-$10,000
2011 $5,000 $6,000 4/16/2012 Neither You or Your Spouse in Employer Plan – Contribution is Fully Tax Deductible
You’re in an Employer Plan
Single $56,000-$66,000
Married- Filing Jointly $90,000-$110,000
Married- Filing Separately $0-$10,000
Only Your Spouse in an Employer Plan
Married- Filing Jointly $169,000-$179,000
Married- Filing Separately $0-$10,000

Roth IRA Contribution Amounts / Deadlines

Year Maximum Contribution
(if under age 50)
Maximum Contribution
(if over age 50)
Contribution Deadline Income Limits for Contributions
2010 $5,000 $6,000 4/18/2011 Tax Filing Status Income
Single $105,000-$120,000
Married- Filing Jointly $167,000-$177,000
Married- Filing Separately $0-$10,000
2011 $5,000 $6,000 4/16/2012 Tax Filing Status Income
Single $107,000-$122,000
Married- Filing Jointly $169,000-$179,000
Married- Filing Separately $0-$10,000

Coverdell ESA Contribution Amounts / Deadlines

Year Maximum Contribution Contribution Deadline Income Limits for Contributions
2010 $2,000 4/18/2011 Tax Filing Status Income
Single $95,000-$110,000
Married- Filing Jointly $190,000-$220,000
2011 $2,000 4/16/2012 Tax Filing Status Income
Single $95,000-$110,000
Married- Filing Jointly $190,000-$220,000

SEP IRA/Profit Sharing/Money Purchase Contribution Amounts / Deadlines

Year Maximum Contribution Contribution Deadline
2010 $49,000 4/18/2011 (plus extensions)
2011 $49,000 4/16/2012 (plus extensions)

SIMPLE IRA Contribution Amounts / Deadlines

Year Maximum Contribution
(if under age 50)
Maximum Contribution
(if over age 50)
Contribution Deadline
2010 $11,500 $14,000 4/18/2011 (plus extensions)
2011 $11,500 $14,000 4/16/2012 (plus extensions

INDIVIDUAL & ROTH INDIVIDUAL 401(K) Contribution Amounts / Deadlines

Year Maximum Salary Deferral
(if under age 50)
Maximum Salary Deferral
(if over age 50)
Contribution Deadline
2010 $16,500 $22,000 4/18/2011 (plus extensions)
2011 $16,500 $22,000 4/16/2012 (plus extensions)
Year Maximum Contribution
(if under age 50)
Maximum Contribution
(if over age 50)
Contribution Deadline
2010 $49,000 $54,500 4/18/2011 (plus extensions)
2011 $49,000 $54,500 4/16/2012 (plus extensions)

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Monday, July 26th, 2010

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