Simple Ira Limits 2024 And 2024. Explore traditional, sep, simple, and spousal ira contribution limits. The simple ira contribution limit increased by $500 for 2024, and workers at small businesses can contribute up to $16,000 or $19,500 if 50 or over.
A simple ira is an excellent tool for small business owners to help employees save up for retirement. The simple ira and simple 401(k) contribution limits will increase from $16,000 in 2024 to $16,500 in 2025.
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