Simple Ira Contribution Limits 2024 Over 50 . For individuals under the age of 50, the general ira contribution limit is now. $7,000 ($8,000 for individuals aged 50 or older) simple ira:
An employee cannot contribute more than $16,000 in 2024 ($15,500 in 2023) to a simple ira. The 2024 simple ira contribution limit for employees is $16,000.
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