Sep Ira Contribution Limits 2024. For the 2024 tax year, the irs allows up to $7,000 in contributions to an ira for individuals under age 50. The sep ira allows you to contribute up to 25% of your compensation, or $69,000 in 2024.
The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older. For the 2024 tax year, the irs allows up to $7,000 in contributions to an ira for individuals under age 50.