Max Sep Ira Contribution 2024 Self Employed Ira. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older.  — in most cases, your maximum allowed contribution equates to slightly less than 20% of your gross income.

 — 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. $69,000 ($66,000 for 2023 contributions);