Simple Ira Limits 2024 And 2024. 2022, is clear on the contribution limit increases for simple iras beginning in 2024 and we are already half way through. You are allowed to contribute up to $16,000 in 2024, up from $15,000 in 2023, per year in a simple ira.

As of 2023, the contribution limits are: The annual employee contribution limit for a simple ira is $16,000 in 2024 (an increase from $15,500 in 2023).