Max Sep Ira Contribution 2024 Self Employed In India. The maximum contribution is $69,000 for 2024, and the maximum compensation that can be considered for contributions is $345,000. This limit is $345,000 in 2024, $330,000 in 2023, $305,000 in 2022, $290,000 in 2021, $285,000 in 2020 and $280,000 in 2019 and is adjusted annually.

2024 sep ira contribution limits. 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 in 2024.