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2024 Maximum Simple Ira Contribution Limits

2024 Maximum Simple Ira Contribution Limits. This article provides a comprehensive overview of the current limits for individuals and employers. For employees under the age of 50, employee salary reduction contributions increase to a.


2024 Maximum Simple Ira Contribution Limits

That’s up from the 2023 limit of $15,500. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.

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