Sep Contribution Limits For 2024 . Get tax information for retirement plans: Contributions to an employee’s sep ira cannot exceed the lesser of either 25% of their compensation or $66,000 in 2023 and $69,000.
Here are the limits for 2023 and 2024. Employers can contribute the lesser of 25% of the employee’s annual compensation or $69,000 toward a sep ira in 2024 ($66,000.
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SEP IRA Contribution Limits for 2022 and 2024 , Your maximum contribution limit for a sep ira is the lower of these two amounts:
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