Simple Ira Contribution Limits 2024. For 2024, the maximum amount of money a person can contribute to their roth ira. The simple ira contribution limit increased by $500 for 2024, and workers at small businesses can contribute up to $16,000 or $19,500 if 50 or over.

To secure your money for when you retire, it’s a good idea to start planning now. The simple ira contribution limit increased by $500 for 2024, and workers at small businesses can contribute up to $16,000 or $19,500 if 50 or over.