Sep Ira Contribution Limits 2024. Overall limit on sep contributions. The eligibility criteria for contributing to a sep ira in 2024 hinge on specific irs guidelines that take into account factors such as the amount of earned income, employment status,.

However, your maximum contribution to the sep ira and the 401(k) together is $66,000 in 2023 or $69,000 in 2024, including both employer and employee. You can simply multiply your salary by 25% to determine the annual contribution limit associated with your sep ira.