You are limited to a total of $61,000 of contributions to your retirement plans from all sources. That includes contributions made by the LLC, an elective deferral of up to 100% of self-employment income, up to $22,500, and any "employer non-elective contribution" from you self employment. Your self-employment non-elective contribution is limited to 25% of compensation, which is defined as net earnings from self-employment after deducting both:
- one-half of your self-employment tax, and
- contributions for yourself.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
