2024 Simple Ira Contribution Limits Chart

2024 Simple Ira Contribution Limits Chart. The chart below details the modified adjusted gross income (magi) limits for 2024 based on the filing status of the tax return. $7,500 (for 2023) and $8,000 (for 2024) if you're age 50 or older


2024 Simple Ira Contribution Limits Chart

The annual contribution limit for a traditional ira in 2023 was $6,500 or your taxable. The annual employee contribution limit for a simple ira is $16,000 in 2024 (an increase from $15,500 in 2023).

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