Max Simple Ira Contribution 2024 Over 50. An employee cannot contribute more than $16,000 in 2024 ($15,500 in 2023) to a simple ira. The maximum simple ira employee contribution limit is $16,000 in 2024 (an increase from $15,500 in 2023).
Those 50 and older can contribute an extra $1,000 for a total of $8,000. The total of all employee and employer contributions per employer will increase from $66,000 in 2023 to $69,000 in 2024 for those under 50.
