Simple Ira Employee Contribution Limits 2024. The simple ira contribution limit for employees in 2024 is $16,000. Secure 2.0 made some significant changes.
These accounts each have major tax benefits and contribution limits, which increase over time (the 401(k) contribution limit was $18,500 in 2018 and is. 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.