Do Later matches count toward the IRA annual contribution limits?

No, Later matches do not count toward your annual IRA contribution limits.

For traditional and Roth IRAs, the contribution limit for 2024 is $7,000 for people under age 50. If you contribute the full $7,000 to your Later IRA, you can receive a $70 investment if you're in the $6 Silver plan or a $210 investment if you're in the $9 Gold or $12 Gold plan with Later Match.

If you're age 50 and over, the limit for traditional and Roth IRAs is $8,000 for 2024. If you contribute the full $8,000, you can receive an $80 investment if you're in the $6 Silver plan or a $240 investment if you're in the $9 Gold or $12 Gold plan with Later Match.

These annual contribution limits tend to change each year.

If you have a SEP IRA, we'll use the traditional and Roth IRA contribution and match limits outlined above.