Sep Max Contribution For 2024. Sep iras require minimum distributions beginning at age 72, like traditional. Her 2024 solo 401(k) contribution maximum is as follows:

However, because the simple ira plan limits your contributions to $16,000 in 2024 ($15,500 in 2023; For 2024, the maximum amount that a business can contribute to a sep ira for each employee is the lesser of: