Sep Ira Contribution Limits 2024 Catch Up. Up to $330,000 of an employee’s compensation may be considered. Employers can deduct payments to a simplified employee pension (sep) ira for one or more employees up to set limits.

If you contribute $5,000 to a sep ira, you can contribute up to $2,000 to the roth ira. For 2024, the annual contribution limit for simple iras is $16,000, up from $15,500 in 2023.