https://ttlc.intuit.com/community/taxes/discussion/if-i-m-over-52/01/3028987#M1105190 <P>can I add the maximum ($7000) to a SEP IRA that I have not contributed to in over 10 years, even though I had very little self-employment income? Also, what if for the self-employment income I did have, I took deductions so it ended up negative, does that affect the age 52 thing?</P> Tue, 24 Feb 2026 05:06:58 GMT unsureof1099s 2026-02-24T05:06:58Z https://ttlc.intuit.com/community/taxes/discussion/if-i-m-over-52/01/3028987#M1105190 <P>can I add the maximum ($7000) to a SEP IRA that I have not contributed to in over 10 years, even though I had very little self-employment income? Also, what if for the self-employment income I did have, I took deductions so it ended up negative, does that affect the age 52 thing?</P> Tue, 24 Feb 2026 05:06:58 GMT https://ttlc.intuit.com/community/taxes/discussion/if-i-m-over-52/01/3028987#M1105190 unsureof1099s 2026-02-24T05:06:58Z https://ttlc.intuit.com/community/taxes/discussion/re-if-i-m-over-52/01/3029057#M1105212 <P>You can contribute up to the lessor or 25% of your self-employed "compensation", up to $61,000 for 2022. &nbsp;Your self-employed compensation is is your net earnings from self-employment, less the following deductions:</P> <P>&nbsp;</P> <UL> <LI>one-half of your self-employment tax and</LI> <LI>contributions to your own SEP-IRA.</LI> </UL> <P>So, if your net earnings were negative, you cannot contribute to your SEP.</P> Fri, 14 Apr 2023 01:25:30 GMT https://ttlc.intuit.com/community/taxes/discussion/re-if-i-m-over-52/01/3029057#M1105212 DavidD66 2023-04-14T01:25:30Z