Resources
MAXIMUM IRA CONTRIBUTION
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2024 $6,500
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Age 50 or older $7,500
401K AND 403B CONTRIBUTION
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2024 $23,000
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Age 50 or older $30,500
SIMPLE PLANS
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2024 $16,000
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Age 50 and older $19,500
DEFINED CONTRIBUTION PLAN
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Annual Total $$69,000
SEP PLAN CONTRIBUTIONS
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25% of compensation $345,000
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Maximum Contribution $69,000
FICA WAGE BASE
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Social Security $168,600
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Medicare no limit