Sep Ira Contribution Limits 2024 Over 50. In most cases, your maximum allowed contribution equates to slightly less than 20% of your gross income. Use the interactive calculator to calculate your maximum annual retirement contribution based on your income.

The contribution limit for a roth ira is $7,000 (or $8,000 if you are over 50) in 2024. Those 50 and older can contribute an extra $1,000 for a total of $8,000.