Max Simple Ira Contribution 2024 Over 50. The ira contribution limit for 2024 is $7,000. The 2024 simple ira contribution limit for employees is $16,000.

Contribution maximums will increase from $22,500 to $23,000 for 401 (k), 403 (b) and most 457 plans, as well as the federal government’s thrift savings plan, the. If an employer has fewer than 25.