Simple Ira Contribution Limits 2024. In 2020, simple ira contributions increased $500 from 2019 to $13,500 annually ($16,500 if you are over 50). $16,000 ($19,500 for individuals aged 50 or older).

Get answers to all your questions about how much money you can put into your iras this year. Employers must at least contribute a fixed 2% equal to each participant’s annual compensation or match an employee’s contributions of up to 3%.