MaryK4
Expert Alumni

Self employed

You can contribute up to 25%.

 

When figuring the contribution for your own SEP-IRA, compensation is your net earnings from self-employment, less the following deductions:

  • one-half of your self-employment tax and
  • contributions to your own SEP-IRA.

See SEP Contribution Limits (including grandfathered SARSEPs)

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