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  • Re: I believe the SEP IRA Plan contributions are limited to 25% on your net earnings from self employed income up to $58,000. Why are we being limited to $7,000 per spouse?
macuser_22
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Retirement tax questions

SEP IRA contribution are entered in the self employment section not the IRA contribution section.   SEP are NOT Traditional or Roth IRA's.   SEP means Simplified Employee Pension Plan (SEP).

 
 
 
 
 
 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎April 22, 2021 9:29 PM
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