Simple Ira Limits 2024 Irs. Those employees of employers offering a simple ira will have the opportunity to contribute more in 2024. โ to qualify for a simple ira, an employee must have earned at least $5,000 in pay during the past two calendar years and expect to earn at least that amount in the current year.
โ to qualify for a simple ira, an employee must have earned at least $5,000 in pay during the past two calendar years and expect to earn at least that amount in the current year. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older.