@evenauken A SEP-IRA will allow up to 25% of your self-employment income to be contributed, but your self-employment tax is deducted from your net income to arrive at your net self-employment income. So, you're probably assuming your net employment income is more than what is allowed to arrive at the 25% number you calculate.
An individual 401-K plan allows you a salary deferral of up to $19,500 (more if over 50) in addition to the 25% of income allowed by a SEP. So, the allowed deduction for a 401-K can be much more that a SEP.
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