topic If you're self employed and make a contribution to a SEP account does it reduce both the income tax and the self employment tax? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/if-you-re-self-employed-and-make-a-contribution-to-a-sep-account-does-it-reduce-both-the-income-tax/01/280215#M23823 Mon, 03 Jun 2019 17:18:39 GMT pfortier 2019-06-03T17:18:39Z If you're self employed and make a contribution to a SEP account does it reduce both the income tax and the self employment tax? https://ttlc.intuit.com/community/retirement/discussion/if-you-re-self-employed-and-make-a-contribution-to-a-sep-account-does-it-reduce-both-the-income-tax/01/280215#M23823 Mon, 03 Jun 2019 17:18:39 GMT https://ttlc.intuit.com/community/retirement/discussion/if-you-re-self-employed-and-make-a-contribution-to-a-sep-account-does-it-reduce-both-the-income-tax/01/280215#M23823 pfortier 2019-06-03T17:18:39Z SEP contributions can only reduce income tax (via an adju... https://ttlc.intuit.com/community/retirement/discussion/sep-contributions-can-only-reduce-income-tax-via-an-adju/01/280221#M23825 <P>SEP contributions can only reduce income tax (via an adjustment to your income), but won't reduce your self-employment tax.<BR /></P> Mon, 03 Jun 2019 17:18:40 GMT https://ttlc.intuit.com/community/retirement/discussion/sep-contributions-can-only-reduce-income-tax-via-an-adju/01/280221#M23825 JohnW15 2019-06-03T17:18:40Z