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How much can an employee contribute to a SIMPLE IRA?

April 26, 2017contribute employee IRA simple

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How much can an employee contribute to a SIMPLE IRA?

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Employees may contribute a specified percentage of their income up to a maximum of $11,500 in tax year 2009 ($14,000 for those age 50 and older) and $11,500 in tax year 2010 ($14,000 for those age 50 and older) through regular payroll deductions.