2024 Max Sep Ira Contribution Limits

2024 Max Sep Ira Contribution Limits. In most cases, your maximum allowed contribution equates to slightly less than 20% of your gross income.  — in 2023, the contribution limits were $6,500, or $7,500 for taxpayers who are 50 or older.

 — in 2023, the contribution limits were $6,500, or $7,500 for taxpayers who are 50 or older. The maximum compensation that can be considered for contributions in 2024.