Simple Ira Contribution Limits 2024. The simple ira contribution limit for employees in 2024 is $16,000. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for.
That’s up from the 2023 limit of $15,500. The secure act 2.0 introduced changes to contribution limits for simple ira plans.