Sep Contribution Limits 2024. If you have employees, you must contribute at the same rate for them as you do for. Beginning in 2024, the ira contribution limit is increased to $7,000 ($8,000 for individuals age 50 or older) from $6,500 ($7,500 for individuals age 50 or older).

We’ll also make sure you understand how seps work and how money in a sep ira is taxed. $69,000 ($66,000 for 2023 contributions);