2024 Maximum Simple Ira Contribution. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for. 414 (v) (2) (b) (ii);

Maximum contributions for people age 50 and older, the maximum contribution for one or more simple iras is $22,500 for 2023, and $23,000 for 2024. 2024 health savings account (hsa) contribution.