Maximum Simple Ira Contribution 2024. In 2024, individuals can contribute $7,000, or $8,000 for those 50 and older. The 2024 simple ira contribution limit for employees is $16,000.

For 401 (k) plans, the maximum annual contribution was raised to $22,500 from. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for.