Simple IRA Employer Contribution Question
Client had low earned self-employement income around $1920. They contributed $3838.26 to their simple for 2023. Half of the contributions were made as an employer match.
Do employer matches count towards the earned income contribution limit? As they can’t contribute more than they earned for the year.
Thank you
Submitted by Jon Hogan on Fri, 2024-03-08 15:12