Simple Ira Contribution Limits 2024. Secure 2.0 made some significant changes to the simple ira plan contribution limits. For 2023, contributions cannot exceed $15,500 for most people.

Finally, for individuals with simple retirement accounts—a type of ira sometimes used by small businesses—the 2024 contribution limits will jump from. The irs sets annual ira contribution limits for both traditional and roth iras.