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SEP IRA Contribution Limits

If you've got a simplified employee pension, make sure you know the contribution limits.

By Motley Fool Retirement Team – Updated Nov 21, 2024 at 8:53PM

Key Points

  • SEP IRAs allow higher contribution limits than traditional and Roth IRAs, beneficial for self-employed.
  • Employers must match percentage contributions evenly between their own and employees' SEPs.
  • Contributions to SEP IRAs can be made until tax day, so you can fund your SEP IRA for 2024 until April 15, 2025.
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