IRA contribution limits for 2024 and 2025 are $7,000 for adults under 50 and $8,000 for those 50 and older. The SEP-IRA contribution limit is the lesser of 25% of income or $69,000 in 2024 ($ ...

Additionally, the IRS increased employer-funded SEP and SIMPLE contribution limits to $70,000 and $16,500, respectively. Income limits for deducting traditional IRA contributions or making Roth ...