2024 Contribution Limits Simple Ira Over 50. This amount has slightly increased from the 2023 simple ira contribution limit of $15,500. You can contribute a maximum of $7,000 (up from $6,500 for 2023).
The combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you’re age 50 or older. Ira contribution limits for 2024.