Simple Ira Limits 2024 Over 50. The annual employee contribution limit for a simple ira is $16,000 in 2024 (an increase from $15,500 in 2023). Here are the key facts of the simple ira changes for 2024.
Traditional ira contribution limits for 2024. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.