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Retirement tax questions
The original question to which the earlier replies are addressed was asking about distributions, not contributions.
Regarding contributions, contributions to a SEP plan or to an 401(k) plan do not reduce Social Security and Medicare taxes, so as BillM223 said, you should not expect any difference in self-employment taxes no matter how much you contribute from self-employment to any type of retirement plan.
‎April 14, 2020
11:51 AM
7,107 Views