2025 Ira Contribution Limits Over 55. The contribution limit for simple iras will rise to $16,500 for employees under 50 in 2025, up from $16,000 in 2024. The irs announced the 2025 limits for iras on nov.
Key changes for 2025 retirement plan contribution limits. The irs determines the maximum contribution for each type of ira annually, and they recently announced the updated limits for tax year 2025.
