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Annual Limits for Retirement Plans – 2010

2010 by Tim in Sydney

IRA Contribution Limits
Traditional and Roth $5,000 plus $1,000 catch up provision if over age 50 during 2010

Traditional IRA income (MAGI) limits (for deductibility phase-out):
MFJ – $89,000 to $109,000
Single or HoH – $56,000 to $66,000
MFS – $0 to $10,000
Spouse not active participant in an employer-sponsored retirement plan (MFJ, Single or HoH): $167,000 to $177,000

Roth IRA income (MAGI) limits (for contribution phaseout):
MFJ – $167,000 to $177,000
Single or HoH – $105,000 to $120,000
MFS – $0 to $10,000

Simple IRA Deferral Limit:
$11,500, plus $2,500 catchup provision if over age 50 in 2010

401(k)/403(b)/457 Plans Deferral Limit:
$16,500 plus $5,500 catchup provision if over age 50 in 2010

Photo by Tim in Sydney

One Comment

  1. Combining IRAs with Other Retirement Plans | Business News Online says:

    […] you may be able to contribute to an IRA (a traditional, deductible IRA) in the same year.  See Annual Limits for Retirement Plans for the income […]