Simple Ira Contribution Limits 2024 Employer. However, because the simple ira plan limits your contributions to $16,000 in 2024 ($15,500 in 2023; The simple ira contribution limit for employees in 2024 is $16,000.

Contribution limits for simple ira plans are lower than other workplace retirement plans, such as a 401(k) plan. Here are the simple ira contribution limits to know.