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Now extended through the Halving!
Tax Day is right around the corner and we just unlocked some major savings. From now until Halving Day, we’re offering our biggest funding bonus yet – you can earn up to $500 in rewards when you initiate a transfer, rollover, or contribution before April 15th (Date extended through the 2024 Halving).
Speaking of contributions — because IRAs are such powerful savings tools, the government limits how much you’re allowed to contribute to them each year. In 2024, most people are eligible to contribute $7,000 to their IRA, up from $6,500 in 2023. But as far as the IRS is concerned, 2023 isn’t technically over until Tax Day so you can make 2023 and 2024 contributions until then.
That means you could be eligible to contribute $13,500 until 4/15!
Everyone’s situation is unique, and it’s always advisable to speak with a tax professional, but here is a quick breakdown of contribution limits for 2023 and 2024:
| Account Type | 2023 | 2024 | Catch-Up Contribution (Age 50+) |
|---|---|---|---|
|
Traditional IRA & Roth IRA |
$6,500 |
$7,000 |
$1,000 (both years) |
|
SIMPLE IRA (employer contributions) |
Matching contribution of up to 3% of the employee's salary OR a non-elective contribution of 2% of the employee's salary up to $6,600 |
Matching contribution of up to 3% of the employee's salary OR a non-elective contribution of 2% of the employee's salary up to $6,900 |
$3,500 (both years - if the plan permits) |
|
SIMPLE IRA (employee contributions) |
$15,500 |
16,000 |
$3,500 (both years - if the plan permits |
|
SEP IRA |
$66,000 or 25% of the employee's salary - whichever is less |
$69,000 or 25% of the employee's salary - whichever is less |
N/A |
Other Ways to Save: Transfers and Rollovers
Contributions aren’t the only way to take advantage of Tax Day savings. If you have an existing IRA or a 401(k) from an old job, you can transfer or rollover those accounts to your BitcoinIRA account.
Transfers and rollovers can be confusing, but we have a team of specialists who have helped thousands of investors just like you through the entire process. You can schedule a call here if you want to learn more about transferring an existing IRA or rolling over an old 401(k).
Tax Day Savings¹
Here’s where things get exciting! Open and fund a new or existing account with BitcoinIRA by Tax Day: April 15th (Extended through the 2024 Halving) and you can earn a bonus of up to $500. The more you add, the bigger your reward!
How to Claim Your Reward
1. Finish opening your account
2. Initiate a transfer, rollover, or contribution of at least $1,000 by Halving Day
That’s it! Once your funds settle, BitcoinIRA will send your bonus as soon as possible!
If you already have an account with BitcoinIRA, simply schedule a call here to talk to one of our IRA specialists to get started.
The Halving is Coming…
And if Tax Day Savings wasn’t enough, the Bitcoin Halving is currently expected to occur around 4/20/24. You can learn all about the halving (and the potential impact on the price of Bitcoin) here.
- Tax Day Funding Program Details: Earn up to a $500 gift card when your new or existing account is funded. Account funding minimum must be $1,000 to receive the minimum $50 funding reward. Account setup and funding may take up to 60 days, depending on your funding source. Funding must be initiated by April 19, 2024 11:59 pm PST. Processing and verification may take up to 60 days, after which rewards will be distributed by email. BitcoinIRA reserves the right to modify this program, terms, conditions, and eligibility criteria or terminate the program at any time without prior notice.
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