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Simple Ira Employer Contribution Limits 2024

Simple Ira Employer Contribution Limits 2024. Assuming your employer offers a simple ira, you can generally contribute if you expect to or earned at least $5,000 in the last 2 years from the employer sponsoring your simple ira. However, because the simple ira plan limits your contributions to $16,000 in 2024 ($15,500 in 2023;


Simple Ira Employer Contribution Limits 2024

The simple ira contribution limit for 2024 is $16,000. Up to 100% of compensation or $16,000 for 2024, not to exceed 100% of compensation (for those age 50 and over the limits increase to $19,500 for 2024)

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