Simple Ira Catch Up Contribution Limits 2024 Employer. For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023. The 2024 simple ira contribution limit for employees is $16,000.

What are the contribution limits for a simple ira plan? The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older.