Simple Ira Limits 2024 Catch Up. For 2023, contributions cannot exceed $15,500 for most people. For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023.

In 2024, employees can contribute $16,000 into their simple ira, which is up from the 2023 simple ira limit of $15,500. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older.