2022 tax year - I have 2 jobs. One is W-2 job, other is personal side job. I contributed $27,000 to my Roth 401k through my W-2 job (maximum allowable employee contribution for employee over 50). I would like to contribute to my SEP IRA $2,200 (maximum allowable as calculated by TurboTax).
Employee Roth + Employer Contributions + SEP = Total Contributions by Employee + Employers
$27,000 + $9,000 +$2,200 = $38,200
I see that the total is under the $67,500 allowable COMBINED maximum, but am I allowed to contribute more than the $27,000 allowable EMPLOYEE contribution (Roth 401k + SEP IRA)?
Thank you.
