Simple Ira Catch Up Contribution Limits 2024. $16,000 ($19,500 for individuals aged 50 or. For a 401(k) plan, the relevant statutory contribution limits are set forth in irc section 401(a)(30), which limits the amount of elective deferrals to the dollar amount in.
For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023. For a 401(k) plan, the relevant statutory contribution limits are set forth in irc section 401(a)(30), which limits the amount of elective deferrals to the dollar amount in.