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Simple Plan Limit For 2024

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Simple Plan Limit For 2024. The 2024 simple ira contribution limit for employees is $16,000. The contribution limit for a simple ira plan in 2024 is $16,000 for employees, with an additional catch.


Simple Plan Limit For 2024

In 2023, simple iras allow for employee contributions up to $15,500 annually ($19,000 for those 50 or older); For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023.

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