Simple Ira Contribution Limits 2024

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Simple Ira Contribution Limits 2024. Beginning on 1/1/2024, employers may make an optional, additional contribution up to the lesser of 10% of compensation or $5,000 (indexed for inflation). For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023.


Simple Ira Contribution Limits 2024

The contribution limit for a simple ira is $16,000 for 2024. Below are the simple ira contribution limits for employees and employers for 2024:

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