Frank DiPaola, EA

Frank DiPaola, EA

Tax Accountant
 Tax Form Processing LLC 
FOR THE TAXPAYERSM
www.TaxFormProcessing.com
2400 N Forsyth Road Suite 101
Orlando, FL 32807-6445
What's NEW for Tax Year 2011?
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IRA, ESA, HSA, & Retirement Plan Contribution Limits for Tax Year 2011

Below are the MAXIMUM contribution limits to Traditional & Roth IRA's, Coverdell Education Savings Accounts (ESA's), Health Savings Accounts (HSA's) and qualified retirement plans.

Traditional & Roth IRA Maximum Contribution Limits
If UNDER age 50 If age 50 or OVER
$5,000 $6,000
 

Coverdell Education Savings Account (ESA)

Maximum Contribution Limit

$2,000
 

Health Savings Account (HSA) Maximum Contribution Limits

Type If UNDER age 55 If AT LEAST age 55 and UNDER age 65
Individual $3,050 $4,050
Family $6,150
$7,150 for ONE spouse
$8,150 for BOTH spouses
 

Qualified Retirement Plan Maximum Contribution Limits

Plan Type If UNDER age 50 If age 50 or OVER
401(k) $16,500 $22,000
403(b) $16,500 $22,000
457 $16,500 $22,000
SARSEP $16,500 $22,000
SIMPLE 401(k) $11,500 $14,000
SIMPLE IRA $11,500 $14,000

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Last Revised January 01, 2012