2023 Retirement Plan Contribution Limits
Plan Type	Under Age 50	Over Age 50
401(k), 403(b), most 457, Salary Reduction SEP	$22,500	$30,000
SIMPLE	$15,500	$19,000
IRA (Traditional/Roth)	$6,500	$7,500
Phase Outs	Phase Out Range
Traditional IRA Deduction Phase Outs:	Modified Adjustment Income
Married Filing Joint	$116,000	$136,000
Married Filing Joint - One Spouse is Covered at Work	$218,000	$228,000
Single Or Head of Household	$73,000	$83,000
Married or Filing Separately		$10,000
Roth IRA Contribution Phase Outs:	Modified Adjustment Income
Married Filing Joint	$218,000	$228,000
Single	$138,000	$153,000
Employer-sponsored plans may have additional contribution limits. Not all employer plans allow the higher contributions amount for those aged 50 and older.The IRA limitation caps a person's combined contributions to traditional and Roth IRAs for the year.