Sep Ira Contribution Limits 2024 Catch Up

Sep Ira Contribution Limits 2024 Catch Up. For 2023, the contribution limit for a sep ira is the lesser of 25% of the employee’s compensation, or $66,000. So, if you’re at least 50 years old, the overall contribution limit for a solo 401 (k) plan is.

For 2024, the ira contribution limit will be $7,000 or $8,000 if you are at least age 50. Traditional ira and roth ira contribution limits.