Direct Answer

The SIMPLE IRA employee deferral limit for 2026 is $17,000, up from $16,500 in 2025. Workers age 50 to 59 or 64 and older can add a standard catch-up of $4,000 (total $21,000). Workers age 60-63 have an enhanced SECURE 2.0 catch-up of $5,250 (total $22,250). SIMPLE IRA limits are lower than 401(k) limits and available only to employers with 100 or fewer employees.

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SIMPLE IRA Contribution Limits by Year

SIMPLE IRA contribution limits by year (2005-2026)

SIMPLE IRA employee deferral and catch-up limits, 2005-2026
Year Employee Deferral Catch-up (Age 50+) Total with Catch-up
2005$10,000$2,000$12,000
2006$10,000$2,500$12,500
2007$10,500$2,500$13,000
2008$10,500$2,500$13,000
2009$11,500$2,500$14,000
2010$11,500$2,500$14,000
2011$11,500$2,500$14,000
2012$11,500$2,500$14,000
2013$12,000$2,500$14,500
2014$12,000$2,500$14,500
2015$12,500$3,000$15,500
2016$12,500$3,000$15,500
2017$12,500$3,000$15,500
2018$12,500$3,000$15,500
2019$13,000$3,000$16,000
2020$13,500$3,000$16,500
2021$13,500$3,000$16,500
2022$14,000$3,000$17,000
2023$15,500$3,500$19,000
2024$16,000$3,500$19,500
2025$16,500$3,500 / $5,250 (age 60-63)$20,000 / $21,750
2026$17,000$4,000 / $5,250 (age 60-63)$21,000 / $22,250
Line chart of SIMPLE IRA contribution limits by year (2005-2026), 2005 to 2026, with 2 series. Employee Deferral starts at $10,000, peaks at $17,000 in 2026, falls to a low of $10,000 in 2005 and ends at $17,000 in 2026.
SIMPLE IRA contribution limits by year (2005-2026), charted from the table above. Select the chart to open it full size.

Source: IRS: SIMPLE IRA Plan FAQs - Contributions and IRS: 401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500 (Notice 2025-67). Last verified: October 2026. Verify current-year figures at IRS.gov before making decisions.

Frequently asked questions

How does a SIMPLE IRA differ from a 401(k)?

A SIMPLE IRA has lower contribution limits than a 401(k) and is only available to employers with 100 or fewer employees. The employer is required to contribute, either matching dollar-for-dollar up to 3% of compensation or making a flat 2% non-elective contribution. Administrative costs are typically lower than a 401(k).

What is the employer matching rule for SIMPLE IRAs?

Employers have two options: match employee contributions dollar-for-dollar up to 3% of compensation (reducible to 1% in up to 2 of every 5 years with notice), or contribute a flat 2% of each eligible employee's compensation whether or not the employee contributes. Employees should verify which formula their employer uses to maximize their match.

Can employees over 50 contribute more to a SIMPLE IRA?

Yes. The standard catch-up for workers age 50 or older is $4,000 in 2026, bringing the total to $21,000. Workers age 60-63 have an enhanced catch-up of $5,250 (total $22,250) under SECURE 2.0. This enhanced catch-up is not available to those 64 or older. For 2025, the standard catch-up was $3,500.

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Swoopr Editorial Team. (2026). SIMPLE IRA Contribution Limits by Year. Swoopr Investment. https://www.getswoopr.com/tables/retirement/simple-ira-contribution-limits/

Check the figures against the primary sources listed under References before you rely on or republish them; the series they come from are revised.

References

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