Simple Ira Contribution Limits 2024 Over 50. The ira catch up contribution limit for individuals aged 50 and over was changed to now include a cola under the secure 2.0 but remains $1,000 for 2024. In 2025, that limit is $16,500.

The annual employee contribution limit for a simple ira is $16,000 in 2024 (an increase from $15,500 in 2023). The ira catch up contribution limit for individuals aged 50 and over was changed to now include a cola under the secure 2.0 but remains $1,000 for 2024.