The SIMPLE IRA contribution limit increased by $500 for 2025. Workers at small businesses can contribute up to $16,500 or $20,000 if 50 or over and $21,750 if 60-63.

Yes, SIMPLE IRA limits are lower than 401(k) limits. The 2025 contribution limit for SIMPLE IRAs is $16,500, with an additional $3,500 catch-up contribution for savers 50 or older.

The annual SIMPLE IRA contribution limits for 2025 are: Under age 50: $16,500. Age 50 and older: Extra $3,500 catch-up contribution, for a total of $20,000.

2024 SIMPLE IRA contribution limits For 2024, the annual contribution limit for SIMPLE IRAs is $16,000, up from $15,500 in 2023. Workers age 50 or older can make additional catch-up contributions ...

SIMPLE IRA contribution limits for 2025 are typically $16,500 for employees younger than 50. Employees aged 50 and older can make an additional catch-up contribution of $3,500.

The limit on combined employee and employer contributions is $70,000, up from $69,000 in 2024. The catch-up contribution for employees 50 and older who contribute to a SIMPLE IRA remains $3,500.

SIMPLE IRA contribution limits for 2025 are typically $16,500 for employees younger than 50. Employees aged 50 and older can make an additional catch-up contribution of $3,500.

Employer contributions: SIMPLE IRA: $16,500 +$3,500 Age 50+ ... Going over IRA contribution limits triggers a 6% penalty on the excess amount for each year it's still in the account.

The catch-up contribution limit for employees 50 and over who participate in SIMPLE plans also remains unchanged for 2024, at $3,500. IRA deduction phase-out thresholds for 2024 ...

A SIMPLE IRA allows a $16,500 employee contribution in 2025, with higher limits for ages 50+ and 60-63. Employers may match employee contributions up to 3% or opt for a 2% non-elective ...

IRA contribution limits for 2024 and 2025 are $7,000 for adults under 50 and $8,000 for those 50 and older. The SEP-IRA contribution limit is the lesser of 25% of income or $69,000 in 2024 ...