2024 Simple Ira Contribution Limits Catch Up Rate. An employee cannot contribute more than $16,000 in 2024 ($15,500 in 2023) to a simple ira. For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023.

The simple ira contribution limit for 2024 is $16,000. Those aged 50 and older can contribute an additional $1,000 as a.