Simple Ira Contribution Limits 2024 Married. $6,500 (for 2023) and $7,000 (for 2024) if you're under age 50. In 2024, the simple ira limit is $16,000 for employee deferrals, with another $3,500 allowed for individuals age 50 or older.

In 2024, the simple ira limit is $16,000 for employee deferrals, with another $3,500 allowed for individuals age 50 or older. That’s up from the 2023 limit of $15,500.