Simple Ira Catch Up Contribution Limits 2024 In India. For individuals under the age of 50, the general ira contribution limit is now set at $7,000, a $500 increase from the 2023 tax year. An employee cannot contribute more than $16,000 in 2024 ($15,500 in 2023) to a simple ira.

Employee simple ira contribution limits for 2024. For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023.