Simple Ira Contribution Limits 2024 Over 50. For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023. In 2024, simple ira contribution limits increase in three out of four categories:
2024 simple ira contribution limits. The ira contribution limit is $7,000, or $8,000 for individuals 50 or older in 2024.