Juana Marabel

Sep Ira Contribution Limits 2024 Over 50. The sep ira contribution limit for 2024 is 25% of eligible employee compensation, up to $69,000. 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.

Ira contributions after age 70½. If you’re single, your contributions to a traditional ira up to $6,500 (or $7,500 if over age 50) are deductible regardless of your income if you’re not covered by a workplace retirement.