Sep Ira Contribution Limits 2024 Catch Up

Sep Ira Contribution Limits 2024 Catch Up. A type of retirement savings contribution that allows people over 50 to make additional contributions to their 401(k) and/or individual retirement accounts. If you have employees, you must contribute at the same.

As a reminder, employees who are 50 and older are allowed to contribute. For 2023, the annual contribution limit for iras is $6,500 if you’re under 50 years old at the end of the year ($7,000 for 2024).