| Type of IRA |
Contribution limit* (individual/employee) |
Contribution limit* (employer) |
Catch-up contribution limit |
|---|---|---|---|
| Traditional IRA | $7,000 | NA | Ages 50+: +$1,000 |
| Roth IRA | $7,000 | NA | Ages 50+: +$1,000 |
| SEP-IRA† | NA | $70,000 | NA |
| SIMPLE IRA | $16,500 | Generally, 3% of compensation for elective matches or 2% of compensation (up to $350,000 in 2025) for non-elective matches |
Ages 50+: +$3,500 Ages 60–63: +$5,250 |