Simple Ira Employee Contribution Limits 2024

Simple Ira Employee Contribution Limits 2024. In 2025, the contribution limit is $16,500. For the 2024 and 2025 tax years, the contribution limit for traditional iras is $7,000 per year.


Simple Ira Employee Contribution Limits 2024

For 2023, contributions cannot exceed $15,500 for most people. A simple ira is an excellent tool for small business owners to help employees save up for retirement.

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