Simple Ira Employer Contribution Limits 2024. The total of all employee and employer contributions per employer will increase from $66,000 in 2023 to $69,000 in 2024 for those under 50. Employee simple ira contribution limits for 2024 an employee cannot contribute more than $16,000 in 2024 ($15,500 in 2023) to a simple ira.
The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023.
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