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2021 Limits for IRAs and 401(k)s

The adjustments for retirement account contribution limits in 2021 did not bring any major changes, but there are some minor elements to note.


The salary deferral amount for 401(k)s remains the same at $19,500, while the catch-up amount of $6,500 also remains unchanged. However, the overall limit for these plans will increase from $57,000 to $58,000 in 2021. (1)

IRA Accounts

The limit on annual contributions remains at $6,000 for 2021, and the catch-up contribution limit is also unchanged at $1,000. (1)

Roth IRA Accounts

Roth IRA account holders will experience some slightly beneficial changes. In 2021, the Adjusted Gross Income (AGI) phase-out range will be $198,000 to $208,000 for couples filing jointly. This will be an increase from the 2020 range of $196,000 to $206,000.

For those who file as single or as head of household, the income phase-out range has also increased. The new range for 2021 will be $125,000 to $140,000, up from the current range of $124,000 to $139,000. (1)

There is Still Time to Make 2020 Contributions

If you did not make any IRA or Roth IRA contributions in 2020 or have not reach your maximum amount, you may still add funds to these accounts before filing your 2020 taxes.

Although these modest increases won