Daveta Leslie

Simple Ira Contribution Limits 2024 Catch Up. The limit on combined employee and employer contributions is $69,000, up from $66,000 in 2023. The maximum simple ira employee contribution limit is $16,000 in 2024 (an increase from $15,500 in 2023).

If you participate in any other employer plan during the year, the total cumulative amount of. The limit on annual contributions to an ira increased to $7,000 (up from $6,500), and while the ira catch up contribution limit for individuals aged 50 and over.