Simple Ira Contribution Limits 2024 Deadline. The increased simple contribution limits apply automatically. That's up from the 2023 limit of $15,500.
The simple ira contribution limit increased by $500 for 2024, and workers at small businesses can contribute up to $16,000 or $19,500 if 50 or over. For employees, the simple ira contributions must be made by the tax filing deadline, which is typically april 15, 2025, for the 2024 tax year.
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