Max Simple Ira Contribution 2024 Over 50. For a sep ira, the contribution limit is up to 25% of compensation, with a maximum of $66,000. If you are 50 and older, you can contribute an additional $1,000 for a.
And don’t forget to reach out to tax professionals for tax advice. The contribution limit for individual retirement accounts (iras) for the 2024 tax year is $7,000.
