Sep Ira Contribution Max 2024

Sep Ira Contribution Max 2024. In 2023, the contribution limits were $6,500, or $7,500 for taxpayers who are 50 or older. 25 percent of the employee’s compensation;


Sep Ira Contribution Max 2024

For 2024, the maximum amount that a business can contribute to a sep ira for each employee is the lesser of: $69,000 in 2024 ($66,000 in 2023) unless you annually earn $345,000 in 2024.

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