Simple Ira Contribution Limits 2024 Deadline

Simple Ira Contribution Limits 2024 Deadline. Secure 2.0 made some significant changes to the simple ira plan contribution limits. Beginning on 1/1/2024, employers may make an optional, additional contribution up to the lesser of 10% of compensation or $5,000 (indexed for inflation).

We break down these limits for tax years 2023 and 2024. Secure 2.0 made some significant changes to the simple ira plan contribution limits.