ROTH & IRA and Roth IRA
Contribution Limits if Under Age 50 $6,000 $6,000 Traditional IRA and Roth IRA
Catch-Up Contribution if Over Age 50+$1,000 ($7,000 max. IRA contribution)+$1,000 ($7,000 max. IRA contribution) Contribution Deadline April 15, 2022 April 15, 2023
SEP IRA 2021-2022 SEP Employer Contribution Limits Up to 25% of compensation, with a maximum of $58,000 Up to 25% of compensation, with a maximum of $61,000 Employee Contributions N/A N/A Employer Contribution Deadline April 15, 2022 or employer’s tax filing deadline (including extensions) April 15 or employer’s tax filing deadline (including extensions)
SIMPLE 2021-2022 Employee Contribution Limits if Under 50 $13,500 $14,000Catch-Up Employee Contribution Limits if Over Age 50+$3,000 ($16,500 max.)+$3,000 ($17,000 max.)SIMPLE Employer Contribution Mandatory 3% matching contribution or 2% non-elective contribution