What Is The 2024 Sep Ira Contribution Limit

What Is The 2024 Sep Ira Contribution Limit. The sep ira contribution limit is directly tied to an individual’s income, permitting contributions of up to 25% of each employee’s compensation or a specified cap, whichever is less. The maximum compensation that can be considered for contributions in 2024 is $345,000.


What Is The 2024 Sep Ira Contribution Limit

Ira contribution limit increased for 2024. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older.

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