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Max Simple Ira Contribution 2024 Over 50
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Max Simple Ira Contribution 2024 Over 50. The contribution limit for a simple ira plan in 2024 is $16,000 for employees, with an additional catch. Here are the simple ira contribution limits to know.
The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. Your total annual employee contributions to all the plans can’t exceed your personal limit of $23,000 in 2024 ($22,500 in 2023, $20,500 in 2022, $19,500 in 2020.
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