Simple Ira Limits 2024 Irs. Participants in simple 401(k) and simple ira plans can take advantage of an increased deferral limit of $17,600 (i.e., 110% of the $16,000 annual limit) if their. In 2024, the employee contribution limits to a simple ira are $16,000 for employees under 50 years old and $19,500 for employees 50 and older by the end of the calendar year.
Employees aged 50 and older can make an. Review a table to determine if your modified adjusted gross income (agi) affects the amount of your deduction from your ira.