Simple Ira Contribution Limits 2024 Over 50. 2025 contribution limits for 401(k) and ira plans increased 401(k) contribution limit. In 2024, the employee contribution limit for a simple ira is $16,000 for those under age 50 and $19,500 for those 50 and older.
The 2025 ira contribution limit remains $7,000, the same as in 2024. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for individuals age 50 or.
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