Simple Ira Limits 2024 Irs. The 2024 simple ira contribution limit for employees is $16,000. 11 rows ira contribution limits for 2024 and 2025 are $7,000 for adults under 50 and $8,000 for those 50 and older.
The simple ira and simple 401(k) contribution limits will increase from $16,000 in 2024 to $16,500 in 2025. An employee can โ but is not required to โ make salary reduction contributions to a simple ira.