Max Simple Ira Contribution 2024. The maximum simple ira employee contribution limit is $16,000 in 2024 (an increase from $15,500 in 2023). The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.
If you are 50 or above and your simple ira plan allows,. 2022, is clear on the contribution limit increases for simple iras beginning in 2024 and we are already half way through.