2024 Simple Ira Contribution Amount
If you are 50 and older, you can contribute an additional $1,000 for a total of. The current and recent annual employee deferral amounts (contributions) from their salary, as set by the irs, is shown in the table below.
This is an increase from 2023, when the limits were $6,500 and $7,500, respectively. For 2024, you can contribute up to $7,000 in your ira or $8,000 if youโre 50 or older.
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