Max Simple Ira Contribution 2024 Over 50. The contribution limit for a simple ira plan in 2024 is $16,000 for employees, with an additional catch. Lesser of 25% of net income or $69,000:
The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. The maximum amount an employee under age 50 can contribute to a simple ira is $16,000 in 2024.