Sep Ira Contribution Limits 2024

Sep Ira Contribution Limits 2024. The contribution limits for a simple ira are lower than for a sep ira. Irs guidelines stipulate that contributions from employers should not exceed 25% of the employee's annual compensation, with a maximum contribution limit of $69,000.


Sep Ira Contribution Limits 2024

The maximum compensation that can be considered for contributions in 2024 is $345,000. The sep ira contribution limit for 2024 is 25% of eligible employee compensation, up to $69,000.

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