Sep Ira Contribution Limits 2024

Sep Ira Contribution Limits 2024. The contribution limits for a simple ira are lower than for a sep ira. In most cases, your maximum allowed contribution equates to slightly less than 20% of your gross income.


Sep Ira Contribution Limits 2024

For the year 2024, the contribution limit for a simple ira is $16,000 for individuals. The maximum contribution to a sep ira is $66,000 in 2023 (increasing to $69,000 in 2024).

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