Sep Ira Contribution Limits 2024 Employer Match

Sep Ira Contribution Limits 2024 Employer Match. These contribution limits reflect the 2023 tax year and apply. Your total annual employee contributions to all the plans can't exceed your personal limit of $23,000 in 2024 ($22,500 in 2023, $20,500 in 2022, $19,500 in 2020.

If you want to save huge sums of money in an ira, you’re out of luck. The sep ira contribution limit for 2024 is 25% of eligible employee compensation, up to $69,000.