2023 Contribution Limits

Retirement Plans

Individual Retirement Accounts (IRAs)

Health Savings Accounts (HSAs)

Education Savings Accounts (ESAs)


Below are the MAXIMUM contribution limits to qualified retirement plans, Roth and traditional IRA's, health savings accounts (HSAs) and Coverdell education savings accounts (ESAs) for tax year 2023. Limitations for contributions may apply.

2023 Qualified Retirement Plan Contribution Limits
Plan Type If UNDER Age 50 If Age 50 or Older
401(k) $22,500 $30,000
403(b) $22,500 $30,000
457 $22,500 $30,000
Thrift Savings $22,500 $30,000
SARSEP $22,500 $30,000
SIMPLE 401(k) $15,500 $19,000
SIMPLE IRA $15,500 $19,000
2023 Roth and Traditional IRA Contribution Limits
IRA Type If UNDER Age 50 If Age 50 or Older
Traditional $6,500 $7,500
Roth $6,500 $7,500
2023 Health Savings Account (HSA) Contribution Limits
Type If UNDER Age 55 If Age 55 or Older
Individual $3,850 $4,850
Family $7,750
$8,750 for ONE Spouse
$9,750* for BOTH Spouses

*If BOTH spouses are age 55 or older, the additional $1,000 can only be contributed to his or her own HSA.

Coverdell Education Savings Account (ESA)
2023 Contribution Limit
$2,000








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