Sep Ira Contribution Limit 2024 Employer. In 2023, those using a sep ira can contribute as much as $66,000, or up to 25 percent of their business earnings or compensation, whichever is less. Employers must make either a 3% matching contribution or a 2% nonelective contribution.
Sep ira annual contribution limits are significantly higher than those for traditional iras. If you have employees, you must contribute at the same rate for them as you do for.