Sep Ira Contribution Limits 2024 Catch Up

Sep Ira Contribution Limits 2024 Catch Up. If you’re 50 or older, you can add an extra $7,500 to your company retirement. The maximum compensation that can be considered for contributions in 2024.

So, if you’re at least 50 years old, the overall contribution limit for a solo 401 (k) plan. The combined annual contribution limit in 2024 for a traditional and roth ira is $7,000 for those younger than age 50 and $8,000 for those 50 and older (since the latter.