2024 Contribution Limits Simple Ira In India. This threshold is increased to $8,000 for individuals 50 and older. As of 2023, the contribution limits.
An employee cannot contribute more than $16,000 in 2024 ($15,500 in 2023) to a simple ira. The updated contribution limits for 2024 are for retirement accounts including ira, roth ira, sep ira, simple ira and 401(k).