IRA/HSA CONTRIBUTION LIMITS

2015/2016 CONTRIBUTION LIMITS & CATCH UP PROVISIONS

Traditional IRA/Roth IRA
Contribution Limits*

2015

2016
Up to age 50
$5,500
$5,500
Catch Up Contributions Provision Age 50+
$1,000
$1,000
Traditional IRA Deductibility
Modified Adjusted Gross Income Limit Phase-Out Ranges*^

2015

2016
Single or Head of Household - Active Participant
$61,000 - $71,000
$61,000 - $71,000
Married Active Participant Filing Joint
$98,000 - $118,000
$98,000 - $118,000
Married Active Participant Filing Separate
Less than $10,000
Less than $10,000
Roth IRA Contribution Limits
Modified Adjusted Gross Income Phase-Out Ranges*

2015

2016
Single or Head of Household
$116,000 - $131,000
$117,000 - $132,000
Married Filing Joint Tax Return
$183,000 - $193,000
$184,000 - $194,000
Married Filing Separate Tax Return
Less than $10,000
Less than $10,000
Individual Elective Deferral Contribution Limits
401 (k), 403 (b) & Profit-Sharing Plans*

2015

2016
Up to age 50
$18,000
$18,000
Catch Up Contributions Provision Age 50+
$6,000
$6,000
Defined Contribution Limits
$53,000
$53,000
SEP IRA Contribution Limits*
2015
2016
SEP IRA Contribution Limits
$53,000
$53,000
Health Savings Account*
2015
2016
Single
$3,350
$3,350
Family
$6,650
$6,750
Catch Up Contributions Provision Age 55+
$1,000
$1,000
IRS COLA Adjustments*

COLA Increases for Dollar Limitations on Benefits and Contributions

Roth MAGI Limits*

Amount of Roth IRA Contributions That You Can Make for 2016

IRA Deductibility*

IRA Contribution Limits

*For specific tax advice or, to determine qualifications, eligibility, and/or contribution limits, etc., please consult a tax professional and/or the IRS.

^If you are covered by a retirement plan at work.

Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. NASA Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

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