Simple Ira Contribution Limits 2024 Irs. Ira contribution limit increased for 2024. Get answers to all your questions about how much money you can put into your iras this year.

The annual employee contribution limit for a simple ira is $16,000 in 2024 (an increase from $15,500 in 2023). Yes, simple ira limits are lower than 401(k) limits.