Simple Ira Limits 2024 And 2024. $7,000 ($8,000 for individuals aged 50 or older) simple ira: The limit on annual contributions to an ira increased to $7,000 in 2024, up from $6,500 in 2023—that limit applies to the total amount contributed to your traditional.

The limit on annual contributions to an ira increased to $7,000 in 2024, up from $6,500 in 2023—that limit applies to the total amount contributed to your traditional. The statute is unclear as to whether the.