Sep Ira Contribution Limits 2024 Employer. Employers must make either a 3% matching contribution or a 2% nonelective contribution. Home » retirement » rules and limits to open a sep ira for 2024.

How much can you contribute to a sep ira? 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.