Simple Ira Contribution Limits 2024 Catch Up. For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023. That will rise to $16,500 in 2025.
For 2024, the ira contribution limits are $7,000 for those under age 50 and $8,000 for those age 50 or older. 2 this provision is in place of, not in addition to the age.