2024 Simple Ira Contribution Limits Irs. Ira contribution limit increased for 2024. The irs sets annual ira contribution limits for both traditional and roth iras.
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. The annual employee contribution limit for a simple ira is $16,000 in 2024 (an increase from $15,500 in 2023).