Simple Ira Catch Up Contribution Limits 2024. The 2022 contribution limit for a simple ira or 401(k), which are retirement plans designed for small businesses with 100 or fewer employees, is $14,000 ($15,500 for 2023). For the 2023 tax year, the.


Simple Ira Catch Up Contribution Limits 2024

The annual employee contribution limit for a simple ira is $16,000 in 2024 (an increase from $15,500 in 2023). For 2024, that limit goes up by $500.

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