Simple Ira Employer Contribution Limits 2024. The annual employee contribution limit for a simple ira is $16,000 in 2024 (an increase from $15,500 in 2023). The contribution limit for a simple ira plan in 2024 is $16,000 for employees, with an additional catch.

However, because the simple ira plan limits your contributions to $16,000 in 2024 ($15,500 in 2023; What are the contribution limits for a simple ira plan?