Simple Ira Contribution Limits 2024 Over 50

Simple Ira Contribution Limits 2024 Over 50. In 2023, the contribution limits were $6,500, or $7,500 for taxpayers who are 50 or older. An employee cannot contribute more than $16,000 in 2024 ($15,500 in 2023) to a simple ira.


Simple Ira Contribution Limits 2024 Over 50

The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. It’s $7,000, or $8,000 if you’re over.

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