Sep Contribution Limits 2024 Deadline. For the year 2024, the maximum contribution to a sep ira is $61,000, while traditional iras have a limit of $6,000 for individuals under 50 and $7,000 for individuals 50 and.  — up to $330,000 of an employee’s compensation may be considered.

The 2023 contribution deadline for sep iras is by the employer’s tax filing. The contribution limits for a simple ira are lower than for a sep ira.