Click to view the SVA Summary Plan Description.
2026 Contribution Limits
| IRA Type | 2026 Contribution Limit | 2026 Catch-up at 50+ | 2026 Income Limits |
| Traditional- Non deductible |
$7,500 | $1,100 | None – It is your responsibility to file IRS Form 8606 for each year in which you make a non-deductible contribution. |
| Traditional- Deductible |
$7,500 | $1,100 |
If contributor is covered by a plan: If non-contributor spouse is covered by a plan: $242,000 – $252,000 joint |
| Roth | $7,500 | $1,100 | $242,000 – $252,000 joint, $153,000 – $168,000 single or HOH, $0 -$10,000 married filing separately |
| Roth Conversion |
No income limit |
2025 Contribution Limits
| IRA Type | 2025 Contribution Limit | 2025 Catch-up at 50+ | 2025 Income Limits |
| Traditional- Non deductible |
$7,000 | $1,000 | None – It is your responsibility to file IRS Form 8606 for each year in which you make a non-deductible contribution. |
| Traditional- Deductible |
$7,000 | $1,000 |
If contributor is covered by a plan: |
| Roth | $7,000 | $1,000 | $236,000 – $246,000 joint, $150,000 – $165,000 single or HOH, $0 -$10,000 married filing separately |
| Roth Conversion |
No income limit |
HOH – Head of Household