Simple Ira Limits 2024 Irs. Yes, simple ira limits are lower than 401 (k) limits. For 2024, the total contributions you make each year to all of your traditional iras and roth iras can't be more than:

The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older. 408 (p) (2) (a) (i), (ii), and (e);