Elicia Georgie

Sep Ira Contribution Limits 2024 Catch Up Rate.  — the sep ira allows you to contribute up to 25% of your compensation, or $69,000 in 2024. The sep ira contribution limit for 2024 is 25% of eligible employee compensation, up to $69,000.

For 2024, the maximum amount that a business can contribute to a sep ira for each employee is the lesser of: However, because the simple ira plan limits your contributions to $16,000 in 2024 ($15,500 in 2023;