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2021 Contribution Limits

year 2021 balanced atop coins

Many of the 2021 retirement plan contribution limits have not changed from 2020. In 2021, you can make contributions up to:

  • $19,500 in before-tax and/or Roth contributions; and
  • an additional $3,000 with 15+ years of UMC service (call Wespath for details); and
  • an additional $6,500 in catch-up contributions, if age 50 or over by year-end

With the Saver’s Credit, you may be able to take a tax credit for making eligible contributions to your retirement plan, depending on your income. The 2021 income limits increase to:

  • $66,000 for married couples filing jointly,
  • $49,500 for heads of household and
  • $33,000 for singles and married filing separately

Health Savings Account limits increase. If you are in a high-deductible health care plan, your Health Savings Account limits are:

  • $3,600/individual or $7,200/family, and
  • additional $1,000 for the owner of the HSA if age 55 or over by year-end

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