Simple Ira Employee Contribution Limits 2024

Simple Ira Employee Contribution Limits 2024. The employee contribution limit for a simple ira is $16,000 in 2024 if the employee is under 50. $7,000 for individuals under the age of 50.


Simple Ira Employee Contribution Limits 2024

A simple ira is an excellent tool for small business owners to help employees save up for retirement. In 2024, the employee contribution limits to a simple ira are $16,000 for employees under 50 years old and $19,500 for employees 50 and older by the end of the calendar year.

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