2024 Max Ira Contribution With Catch Up Contribution. The maximum simple ira employee contribution limit is $16,000 in 2024 (an increase from $15,500 in 2023). That's up from the 2023 limit of $15,500.

If you are 50 and older, you can contribute an additional $1,000 for a total of $8,000. The 2024 simple ira contribution limit for employees is $16,000.