Simple Ira Contribution Limits 2024 Employer. However, because the simple ira plan limits your contributions to $16,000 in 2024 ($15,500 in 2023; For this reason, rolling a sep account into a traditional ira is fairly simple because both are treated the same by the irs and use pretax dollars for.
The annual employee contribution limit for a simple ira is $16,000 in 2024 (an increase from $15,500 in 2023). That’s up from the 2023 limit of $15,500.