Simple Ira Maximum Contributions 2024. Anyone with earned income can contribute to a traditional ira, but your income. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.
You may contribute up to $16,000 to a simple ira in 2024, up from $15,500 in 2023. If you are 50 or above and your simple ira plan allows,.