IRA allows you to contribute up to 25% of your compensation, or $69,000 in 2024 and $70,000 in 2025. Remember, you can contribute to your SEP IRA all the way up until the tax deadline - April 15.
There are limits to how much you can contribute to a Roth IRA. In 2024 and 2025, you can only contribute up to $7,000 annually if you're 49 or younger. If you're 50 or older, the limit is $8,000.