Simple Ira Contribution Limits 2024 Over 50. You can make 2024 ira contributions until the unextended federal. Contribution limits for simple ira plans are lower than other workplace retirement plans, such as a 401(k) plan.

The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. $16,000 ($19,500 for individuals aged 50 or older).