Sep Contribution Limits 2024 Income. The maximum contribution is $69,000 for 2024, and the maximum compensation that can be considered for contributions is $345,000. Sep iras allow the freelancer's business to contribute up to $69,000, or 25% of the worker's income, to the account in 2024.
Can an s corp have a sep ira? Contributions to an employee’s sep ira cannot exceed the lesser of either 25% of their compensation or $66,000 in 2023 and $69,000.
Sep Contribution Limits 2024 Income Images References :
