Understanding IRS contribution limits is important, especially when your goal is to contribute the maximum to your account. Even if you can't do the max, consider increasing your contribution a little each year to potentially move closer to your retirement goals.
The Age 50+ catch-up provision allows people over age 50 to contribute more to an eligible retirement plan. A higher catch-up provision applies beginning in 2025 if you will reach age 60-63 by the end of the calendar year.
IRA
2025 and 2024 Traditional/Roth IRA contribution limits3
Standard deferral
Age 50+ catch-up
2025: $7,000
2025: $8,000
2024: $7,000
2024: $8,000
HSA
2025 and 2024 Self-only and family high-deductible health plan contribution limits4
Self-only coverage
Family coverage
2025: $4,300
2025: $8,550
2024: $4,150
2024: $8,300
Stay up to date on any changes to the IRS deferral limits; visit the Retirement Plans section of the IRS website.