Simple Ira Catch Up Limit 2024 . Here are the simple ira contribution limits to know. For employees, the elective deferral limit for a simple ira in 2024 is $16,000, which includes salary deferral contributions.
The simple ira contribution limit for employees in 2024 is $16,000. The limit on annual contributions to an ira is increased to $7,000 for 2024, up from $6,500 in 2023.
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