Contributions an employer can make to an employee's SEP-IRA cannot exceed the lesser of: 25% of the employee's compensation, or $69,000 for 2024 ($66,000 for 2023, $61,000 for 2022, $58,000 for 2021 and $57,000 for 2020)

Learn how much you can contribute to your SEP IRA. The SEP IRA contribution limit for 2024 is 25% of an employee's total compensation, up to $69,000. The SEP IRA contribution limit for 2025 is 25% of an employee's total compensation, up to $70,000.

SEP plans (that are not SARSEPs) only allow employer contributions. For a self-employed individual, contributions are limited to 25% of your net earnings from self-employment (not including contributions for yourself), up to $61,000 for 2022 ($58,000 for 2021; $57,000 for 2020).

Nov 27, 2024 · Wondering about SEP-IRA contribution limits for 2024 and 2025? Here's what you need to know about contributions, income eligibility and maximizing your tax advantages.

Jan 15, 2025 · In comparison, a traditional IRA limits contributions to $7,000 for 2024 for those younger than 50, or $8,000 for those 50 or older thanks to a $1,000 "catch-up" contribution. 2024 SEP IRA...

SEP IRAs allow higher contribution limits than traditional and Roth IRAs, beneficial for self-employed. Employers must match percentage contributions evenly between their own and employees'...

Dec 10, 2024 · SEP IRA contribution limits. The contribution limit for a SEP IRA is the lesser of: 25 percent of the employee’s compensation; $70,000 in 2025 ($69,000 in 2024)

SEP-IRA contribution limits You can contribute up to 25% of your total compensation or a maximum of $69,000 for 2024 tax year or $70,000 for the 2025 tax year, whichever is less. If you're self-employed, your contributions are generally limited to 20% of your net income.

3 days ago · Roth, Traditional and SEP IRA contribution limits for 2025 and 2024 — age 50 and over; Header Cell - Column 0 . 2025 Age 50 and older. 2024 Age 50 and older. Roth IRA. $8,000. $8,000.

Mar 16, 2025 · SEP IRA: Employer contributes up to 25% of compensation, up to $70,000. No catch-up contribution. 3. SIMPLE IRA ... Contribution limits same as IRAs ($7,000 + $1,000 catch-up age 50+) Allows alternative investments (real estate, precious metals, crypto) Requires IRS-approved custodian; 9. Nondeductible IRA