"$70,000 for a SE IRA... the SE IRA contribution limit is going to go up from $70,000 up to $72,000"
From video
Interpreted Prediction
The SE IRA contribution limit will increase from $70,000 in 2025 to $72,000 in 2026.
AI Evaluation Notes
The prediction stated the SE IRA contribution limit would be $72,000 in 2026. However, according to IRS Notice 2023-75, the compensation used to calculate the SEP IRA contribution is capped at $345,000, resulting in a maximum SEP IRA contribution of $69,000 for 2026.