Sep Ira Contribution Limits 2024 Employer Match. For 2024, the maximum amount that a business can contribute to a sep ira for each employee is the lesser of: Unfortunately, since a sep ira is a type of traditional ira, you can’t combine a sep ira with a roth ira.

Unless you annually earn $345,000 in 2024 ($330,000 in 2023), you don’t have to worry about exceeding the contribution limit of $69,000 in 2024 (or $66,000 in 2023). The total contribution amount allowed for all 401(k) accounts held by the same employee (regardless of current employment status) is $69,000 in 2024 or 100%.