2024 Ira Contribution Limits Income Limit For 2024. In 2024, those using a sep ira can contribute as much as $69,000, or up to 25 percent of their business earnings or compensation, whichever is less. To be eligible to contribute the maximum amount in 2024, your modified adjusted gross income (magi) must be less than $146,000 (up from $138,000 last year) if single or between $230,000 and.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. You can make sep ira.
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