IRAs
Contribution limits are the same as for 2011 ($5,000 plus $1,000 catch-up amount if over age 50).
Deductible amount for Traditional IRA if an active participant in an employer-sponsored plan:
![](http://2.bp.blogspot.com/-3KK9bQ-QxAI/Ts0lLwAPIFI/AAAAAAAAAGc/vLAGn8kyRb0/s400/VIDIN%2BBLOG%2B2.jpg)
Contribution limitations for Roth IRA if an active participant in an employer-sponsored plan:
![](http://2.bp.blogspot.com/-4elNdJ8ZFv4/Ts0lquxIq1I/AAAAAAAAAGo/CbJhbhqztaQ/s400/VIDIN%2BBLOG%2B23.jpg)
Employer-sponsored plans
The contribution limit for employees participating in 401(k), 403(b), etc. is increased to $17,000 (from $16,500 in 2011). Employees over age 50 may contribute an additional $5.500 in 2012 (unchanged from 2011).
Information provided by Frank Vidin, CFP, CSA, financial and non-profit consultant and CSA faculty member.
Click here for a printable PDF copy of this document!
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1. IR-2011-103, Oct 20, 2011