Simple Ira Contribution Limits 2024 Catch Up. The maximum simple ira employee contribution limit is $16,000 in 2024 (an increase from $15,500 in 2023). Most employers allow employees age 50 and over to make additional contributions.

For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023. If you’re 50 or older, you can add an extra $7,500 to your company retirement.