Simple Ira Employer Contribution Limits 2024. The total of all employee and employer contributions per employer will increase from $66,000 in 2023 to $69,000 in 2024 for those under 50. For example, the employee simple ira elective deferral limit for 2024 is $16,000, however, with application of this provision the limit becomes $17,600 and the.

Below are the simple ira contribution limits for employees and employers for 2024: A full deduction up to the amount of your contribution limit.