https://ttlc.intuit.com/community/retirement/discussion/sep-contribution/01/3881472#M267932 <P>Can I contribute to an SEP to reduce taxable income if I am collecting benefits from a pension plan, have W-2 earnings from a part-time job that also contributes to a qualified plan (Box 13 on W-2) and I am the sole member of an LLC earning 1099-NEC wages?&nbsp; If so, in calculating how much a deduction would be reduced by, are only the W-2 and 1099-NEC wages counted?&nbsp; The combined amount would be between 29 and 30k.&nbsp; I am a single filer.&nbsp; Thanks.&nbsp;</P> Fri, 10 Apr 2026 19:09:26 GMT user17758475372 2026-04-10T19:09:26Z https://ttlc.intuit.com/community/retirement/discussion/sep-contribution/01/3881472#M267932 <P>Can I contribute to an SEP to reduce taxable income if I am collecting benefits from a pension plan, have W-2 earnings from a part-time job that also contributes to a qualified plan (Box 13 on W-2) and I am the sole member of an LLC earning 1099-NEC wages?&nbsp; If so, in calculating how much a deduction would be reduced by, are only the W-2 and 1099-NEC wages counted?&nbsp; The combined amount would be between 29 and 30k.&nbsp; I am a single filer.&nbsp; Thanks.&nbsp;</P> Fri, 10 Apr 2026 19:09:26 GMT https://ttlc.intuit.com/community/retirement/discussion/sep-contribution/01/3881472#M267932 user17758475372 2026-04-10T19:09:26Z https://ttlc.intuit.com/community/retirement/discussion/re-sep-contribution/01/3881970#M268006 <P>The amount that you are eligible to contribute to a SEP IRA is determined only by your net earnings from self-employment.&nbsp; Nothing about your W-2 job has any effect on that.</P><P>&nbsp;</P><P>To determine your maximum permissible SEP contribution, in the self-employed retirement section mark the Maximize box for a SEP contribution.</P> Fri, 10 Apr 2026 23:59:37 GMT https://ttlc.intuit.com/community/retirement/discussion/re-sep-contribution/01/3881970#M268006 dmertz 2026-04-10T23:59:37Z