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401(k) Contribution Limit Increases to $19,000 and IRA Limit Increases to $6,000 for 2019 Thumbnail

401(k) Contribution Limit Increases to $19,000 and IRA Limit Increases to $6,000 for 2019


The IRS has officially released the 2019 contribution limits:

  • 401(k), 403(b), 457, and Thrift Savings Plan - Contribution limit increases from $18,500 to $19,000 ($6,000 catch-up unchanged)
  • IRA - Contribution limit increases from $5,500 to $6,000 ($1,000 catch-up unchanged)
  • SIMPLE - Contribution limit increases from $12,500 to $13,000

Income ranges for eligibility have all increased by the COLA (Cost of Living Adjustment) and full details can be found on the IRS website here.