Kaplan Financial - Contribution Limits

IRA Contribution Limits

Tax Year	Annual Traditional and Roth IRA Contribution Limit	Annual IRA “Catch-up” Contribution Limit for Taxpayers Age 50 and Over	Total Annual IRA Contribution Limit for Taxpayers Age 50 and over
2005	$4,000	$500	$4,500
2006	$4,000	$1,000	$5,000
2007	$4,000	$1,000	$5,000
2008	$5,000	$1,000	$6,000

401(k) and 403(b) Contribution Limits

Tax Year	Annual Elective Deferral Limit for 401(k) and 403(b) Plans	Annual 401(k) and 403(b) Catch-up Contribution Limit for Taxpayers Age 50 and Over	Total Annual 401(k) and 403(b) Contribution Limit for Taxpayers Age 50 and Over
2005	$14,000	$4,000	$18,000*
2006	$15,000	$5,000	$20,000*
2007	$15,000	$5,000	$20,000*