Sep Ira Contribution Limit 2024 Self Employed. For the year 2024, the contribution limit for a simple ira is $16,000 for individuals under age 50 and $19,500 for those 50 and older, while for sep ira is the. In 2024, you can contribute 25% of your total compensation to an ira with a maximum contribution of $69,000.
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. Use the interactive calculator to calculate your maximum annual retirement contribution based on your income.