Estimated 2024 Ira Contribution Limits. Anyone can contribute to a traditional ira, but your ability to deduct contributions is based on your. There are traditional ira contribution limits to how much you can put in.
— the contribution limit for simple 401k and simple ira plans is $16,000 in 2024. — the elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021.