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SIMPLE IRA

The savings incentive match plan (SIMPLE IRA) is a tax-deferred retirement savings plan for employees. For the years 2020 and 201, the maximum contribution an employee can make is $13,500. Learn more about SIMPLE IRAs here. 

Gusto does not manage SIMPLE IRAs, but you can add the benefit to your Gusto account so that your team can pay taxes correctly.

 

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