Sep Ira Contribution Limits 2024. For a sep ira, the contribution limit increases from $66,000 in 2023 to $69,000 (or the lesser of 25 percent of the first $345,000 of compensation) in 2024. Sep ira contributions are limited to the lesser of 25% of your net earnings or $69,000.
The sep ira allows you to contribute up to 25% of your compensation, or $69,000 in 2024. But don’t worry—we’ll go over all the sep ira contribution limits and related rules for both 2023 and 2024.
Sep Ira Contribution Limits 2024 Images References :