Simple Ira Limits 2024. This amount has slightly increased from the 2023 simple ira contribution limit of $15,500. You are allowed to contribute up to $16,000 in 2024, up from $15,000 in 2023, per year in a simple ira.
In 2024, the employee contribution limits to a simple ira are $16,000 for employees under 50 years old and $19,500 for employees 50 and older by the end of the calendar year. Ira contribution limits for 2024.