For a SIMPLE 401(k), the maximum contribution for 2020 is $13,500.
The catch-up amount applicable to a SIMPLE 401(k) in 2020 is $3,000 for participants aged 50 and older.
Please read this IRS document for more information.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
