Sep Ira Contribution Limits 2024. Ira contribution limit increased for 2024. The maximum contribution is $69,000 for 2024, and the maximum compensation that can be considered for contributions is $345,000.


Sep Ira Contribution Limits 2024

This high threshold is one of the reasons this type of investment account is so popular for sole proprietors and other independent business owners. The limit for annual contributions to roth and traditional individual retirement accounts (iras) for the 2023 tax year was $6,500 or $7,500 if you were age 50 or older.

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