Sep Ira Contribution Limits 2024 Over 55. The maximum sep ira contribution for 2024 is $69,000, representing a significantly higher limit than for traditional and roth iras. It's important to note that employees typically cannot contribute to sep iras.
Ira contribution limits for 2024 and 2025 are $7,000 for adults under 50 and $8,000 for those 50 and older. The amount of your compensation that can be taken into account when determining employer and employee contributions is $340,000 for 2024.
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