How much can be contributed to a SEP IRA on behalf of each participant? | Guideline Help Center

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How much can be contributed to a SEP IRA on behalf of each participant?

How much can be contributed to a SEP IRA on behalf of each participant?

Updated over 11 months ago

Contributions made to an employee's or self-employed individual’s SEP IRA account cannot exceed the lesser of:

25% of the employee's or self-employed individual’s eligible compensation, or
$69,000 for 2024 ($66,000 for 2023)

For more information regarding SEP contributions, please visit the IRS website.

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