For tax year 2021, the contribution limits for 401(k), IRA and HSA plans have increased.
401(k)
- Increased to $19,500
- Catch-up Contributions (taxpayers over age 50) increased to $6,500
- Click here for further information
IRA
- Increased to $6,000 (traditional and Roth combined)
- Catch-up Contributions (taxpayers over age 50) increased to $1,000
- Click here for further information
HSA
- Increased to $3600 for Self-Only Coverage
- Increased to $7,200 for Family Coverage
- Click here for more information