Simple Ira Limits 2024 Irs . Simple ira contribution limits like other retirement accounts, the amount an employee can contribute to their simple ira is limited. Employees 50 and older can make an extra $3,500.
Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. How much you can contribute is limited by your income.
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