Simple Ira Limits 2024 Over 50. If you are over 50 years of age you can contribute $1,000 more (total of $7,500). In 2024, the simple ira limit is $16,000 for employee deferrals, with another $3,500 allowed for individuals age 50 or older.

Simple ira contribution limits and rules. Here are the key facts of the simple ira changes for 2024.