2024 Contribution Limits Simple Ira Calculator. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. If you are 50 or above and your simple ira plan allows,.
The calculator bases these numbers on your annual compensation and deferral percentage, and also gives you the option of doing the same calculation for employees. Yes, simple ira limits are lower than 401(k) limits.