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SIMPLE IRA: What It Is and How It Works
A SIMPLE IRA allows self-employed and small business owners to contribute funds toward their employees' and their own retirement savings.
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SIMPLE IRA Contribution limits are up $500 to $16,500 for 2025. A higher catch-up contribution limit applies for employees aged 60, 61, 62 and 63 in 2025.
simple IRA 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.
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How Much Can You Contribute to a SIMPLE IRA for 2020?
simple IRA The maximum amount workers at small businesses can contribute to a SIMPLE IRA for 2020 is $500 higher than it was for 2019.
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How Much Can You Contribute to a SIMPLE IRA for 2019?
simple IRA The maximum amount workers at small businesses can contribute to a SIMPLE IRA for 2019 is $500 higher than it was for 2018.
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