DavidD66
Expert Alumni

Deductions & credits

For the SEP and the Solo 401(k), the limits for the employer portion are per person, not per retirement plan.  So, if you max out your Solo 401(k) you can't contribute to a SEP.  If you max out your SEP, you can still make the employee contribution of up to $19,000 and the $6,000 catch up provision if applicable.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"