2024 Simple Ira Contribution Limits 2024. For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023. The annual employee contribution limit for a simple ira is $16,000 in 2024 (an increase from $15,500 in 2023).

The annual employee contribution limit for a simple ira is $16,000 in 2024 (an increase from $15,500 in 2023). Participants in simple 401(k) and simple ira plans can take advantage of an increased deferral limit of $17,600 (i.e., 110% of the $16,000 annual limit) if their employer.