Simple Ira Limits 2024 Irs.  — the maximum amount an employee under age 50 can contribute to a simple ira is $16,000 in 2024. The elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021.

Ira contribution limit increased for 2024. The statute is unclear as to whether the.