Ira Limits 2024 Catch Up Form

Ira Limits 2024 Catch Up Form. Another benefit of a solo 401(k) is its generous contribution limit. For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023.

For 2024, that limit goes up by $500 for a total of $8,000. The 2024 annual ira contribution limit is $7,000 for individuals under 50, or $8,000 for 50 or older.