2020 Contribution Limits for IRAs and Retirement Plans

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New inflation-adjusted limits for 2020 IRA and retirement plan contributions have been released by the IRS. Contribution limits have risen slightly for 2020, and income thresholds have increased as well. If you want to begin planning for your 2020 contributions or to maximize your 2019 tax deferred savings, this chart will give you the amounts you can contribute and any applicable income limitations for this year and next.


Horizon Wealth Advisors is a Houston based fee-only wealth management firm. Horizon is a fiduciary advisor. We specialize in helping successful individuals and families understand, organize, and manage their often complex financial situations. Horizon offers integrated financial planning and investment management services.

Colin Lee
Colin Lee is responsible for supporting the financial planning aspects of the wealth management process. In this role, he works closely with clients and their external advisors to gather and summarize financial information and collaborates with Horizon colleagues to analyze and develop client recommendations and solutions.

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