Ira Contribution Limits 2024 Catch Up Date. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. The annual contribution limit for a traditional ira in 2023 was.

The 2024 simple ira contribution limit for employees is $16,000. From 2024 onward, if you’re an employee with a 401 (k), 403 (b), or a government 457 (b) retirement plan and earned more than $145,000 the previous year,.