Self-directed IRAs

Contribution Limits and Deadlines

This chart shows IRS contribution limits and deadlines for Traditional and Roth IRAs, as well as Simplified Employee Pension (SEP) plans.

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Type of Contribution2015 Contribution Limits2015 Deadlines2014 Contribution Limits2014 Deadlines
Traditional IRA $5,500 or 100% of earned income, whichever is less (minus Roth IRA contributions) April 15, 2016 $5,500 or 100% of earned income, whichever is less (minus Roth IRA Contribution) April 15, 2015
Roth IRA4 $5,500 or 100% of earned income, whichever is less (minus Traditional IRA contributions) April 15, 2016 $5,500 or 100% of earned income, whichever is less (minus Traditional IRA Contribution) April 15, 2015
Catch-Up Contributions1
$1,000
($6,500 maximum contribution)
April 15, 2016 $1,000
($6,500 maximum contribution)
April 15, 2015
SEP Plan 25% of gross compensation2, not to exceed $53,000 October 15, 20163 25% of gross compensation2, not to exceed $52,000 October 15, 20153
Maximum Annual Compensation Limit $265,000 $260,000

1For IRA holders 50 or older by December 31st of contribution year.

2Compensation for a Corporation is defined as Gross Compensation. Compensation for a Sole Proprietorship is defined as net earnings from self-employment, which takes into account the deduction for one-half of your self-employment tax and the deduction for contributions to your own SEP IRA.

3Contributions must be made and the plan established by the tax return deadline, including extensions. Contact your tax advisor to confirm your tax extension date.

4Income limits apply to Roth IRA contributions. See IRS Publication 590 for current contribution income limits.

Please make your contribution check payable to Polycomp Trust Company Custodian FBO [IRA Holder’s Name] IRA and indicate on the check the tax year for which the contribution was made (i.e., Contrib 2015).


Polycomp Administrative Services, Inc. and Polycomp Trust Company do not sponsor, evaluate, or endorse any investment product, individual, or company. All clients are advised to consult with legal, tax, and investment professionals and to perform due diligence in choosing any investment. The fact that an investment is permitted in an IRA should not be used in determining whether the investment is appropriate for the IRA Holder. Alternative investments are not FDIC insured and are subject to risk, including the loss of principal.

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