Simple Ira Limits 2024 Irs. The simple ira contribution limit for employees in 2024 is $16,000. The annual contribution limit for a traditional ira in 2023 was $6,500 or your taxable.

The limit for individuals to contribute to their simple ira or a simple 401 (k) has increased from $15,500 in 2023 to $16,000 in 2024. The 2024 simple ira contribution limit for employees is $16,000.