Simple Ira Contribution Limits 2024

Simple Ira Contribution Limits 2024. The increased simple contribution limits apply automatically. In 2024, the employee contribution limits to a simple ira are $16,000 for employees under 50 years old and $19,500 for employees 50 and older by the end of the calendar year.

The 2024 simple ira contribution limit for employees is $16,000. Employers may contribute either a flat 2% of.