Sep Ira Contribution Limits 2024

Sep Ira Contribution Limits 2024. Annual contribution limit in 2024 for employees is $23,000 (up from $22,500 in 2023). This limit is significantly higher than the contribution limit for a regular ira, which is $7,000.

This limit is significantly higher than the contribution limit for a regular ira, which is $7,000. However, because the simple ira plan limits your contributions to $16,000 in 2024 ($15,500 in 2023;