Sep Ira Contribution Limits 2024

Sep Ira Contribution Limits 2024. Contribution caps for sep iras can vary each year between 0% and 25% of compensation for employees, with adjustments for the deductible portion of self. The sep ira contribution limit for 2024 is 25% of eligible employee compensation, up to $69,000.

For 2023, employer contributions to an employee’s sep ira can’t exceed the lesser of: 25% of the employee’s first $330,000 of compensation ($345,000 for 2024).