Simple Ira Employee Contribution Limits 2024. $7,000 ($8,000 for individuals aged 50 or older) simple ira: In 2024, the employee contribution limits to a simple ira are $16,000 for employees under 50 years old and $19,500 for employees 50 and older by the end of the calendar year.

$16,000 ($19,500 for individuals aged 50 or. For a simple ira max contribution in 2024, an employee under age 50 can contribute up to $16,000.