dmertz
Level 15

Retirement tax questions

Generally speaking, you are not prohibited from making a Roth IRA contribution because of contributing to a SEP-IRA.  The SEP-IRA contribution limits are independent of the combined traditional and Roth IRA limit of $5500 (plus $1000 if age 50 or over).

 

However, contributing to a SEP-IRA does lower the amount of your Adjusted Gross Income, so the change in AGI can affect your eligibility to contribute to the Roth IRA (usually increasing your eligibility).

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