The contribution rules for IRAs with alternative assets (such as real estate or private equity) are the same as IRAs with exchange-traded assets (such as mutual funds or publicly-traded stocks). Use the table below to determine your contribution deadline and limits.

For further information including eligibility, please see IRS Notice 2020-18.

Account / Contribution Type Contribution Deadline Year Contribution Limit Catch-up (50 years+) Contribution Limit
Traditional & Roth IRA contribution July 15* 2019 $6,000 $1,000
2020 $6,000 $1,000
2021 $6,000 $1,000
SEP IRA contribution SEP contributions must be made by the tax-filing deadline, which is the last day of the company's fiscal year. (All SEP contributions are reported in the year during which contributions were made). 2019 $56,000** N/A
2020 $57,000** N/A
2021 $58,000*** N/A
Solo(k) employee deferral contribution The deadline for having a deferral contribution taken is the Employer tax filing deadline plus any extensions. The deposit deadline of such contribution is determined by DOL and IRS regulations. 2019 $19,000**** $6,000
2020 $19,500**** $6,500
2021 $19,500**** $6,500
SIMPLE IRA contribution Employer must contribute deferrals within 30 days after the end of the month when the employee would have received them in cash. 2019 $13,000 $3,000
2020 $13,500 $3,000
2021 $13,500 $3,000
Coverdell ESA contribution July 15* 2019 $2,000 N/A
2020 $2,000 N/A
2021 $2,000 N/A

*With certain exceptions for weekends and holidays, April 15 is normally the deadline for filing your federal income tax is also the deadline to make your final Traditional IRA and Roth IRA contributions. For 2020, the deadline was extended to July 15 due to the COVID-19 (Coronavirus) pandemic. Tax-filing extensions do not apply to traditional IRA or Roth IRA contributions.  

**Lesser of $57,000 or 25% of compensation up to compensation limit of $285,000. All SEP contributions are reported during the year in which contributions are made. 

***Lesser of $57,000 or 25% of compensation up to compensation limit of $290,000. All SEP contributions are reported during the year in which contributions are made. 

****Total Employer and Employee contributions may not exceed $57,000. For more information see the IRS website page on one-participant 401(k) plans.

Phase-Out Ranges

Traditional IRA Phase-Out Ranges for 2021:
Single taxpayers covered by a workplace retirement plan. $66,000 – $76,000
Married couples filing jointly. This applies when the spouse making the IRA contribution is covered by a workplace retirement plan. 105,000 – $125,000
A taxpayer not covered by a workplace retirement plan, married to someone who’s covered. $198,000 – $208,000
Married filing a separate return. This applies to taxpayers covered by a workplace retirement plan. $0 – $10,000
Roth IRA Income Phase-Out Ranges for Taxpayers Making Contributions:
Single taxpayers and heads of household $125,000 – $140,000
Married, filing jointly $198,000 – $208,000
Married, filing separatetly $0 – $10,000