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Simple Ira Catch Up Contribution Limits 2024

Simple Ira Catch Up Contribution Limits 2024. Exceeding this amount can result in penalties. The annual employee contribution limit for a simple ira is $16,000 in 2024 (an increase from $15,500 in 2023).


Simple Ira Catch Up Contribution Limits 2024

See the chart below for simple ira. For 2024, that limit goes up by $500 for a total of $8,000.

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