Simple Ira Limits 2024. 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. They can do a regular 401(k) at work, that's their only option if they want to put a.

2024 simple ira contribution limits. You can contribute up to $16,000 to a simple ira in 2024, up from $15,500 in 2023.