Simple Ira Catch Up Contribution Limits 2024. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. Secure 2.0 made some significant changes to the simple ira plan contribution limits.

However, because the simple ira plan limits your contributions to $16,000 in 2024 ($15,500 in 2023; What are the contribution limits for a simple ira plan?