dmertz
Level 15

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.