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Level 4
posted Mar 19, 2025 2:34:58 PM

SEP IRA Contributions for a Spouse

I had self-employment income this year so I can contribute to a SEP-IRA.   Do I need to contribute to it in my name or can I contribute it to a SEP-IRA for my spouse who had no self-employment income.  I know I can contribute to both my spouse and my traditional IRA's given I had sufficient earnings, but can I contribute to a SEP-IRA for my spouse based on my earnings (and not contribute to one for me?)

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1 Best answer
Expert Alumni
Mar 19, 2025 3:56:12 PM

It depends. The SEP IRA is for self employed and their employees. 

  • If your spouse is not part of the business, they aren't part of the SEP IRA.
  • If you spouse is an employee, they are part of the plan.

Reference: Retirement plans for self-employed people

2 Replies
Expert Alumni
Mar 19, 2025 3:56:12 PM

It depends. The SEP IRA is for self employed and their employees. 

  • If your spouse is not part of the business, they aren't part of the SEP IRA.
  • If you spouse is an employee, they are part of the plan.

Reference: Retirement plans for self-employed people

Level 4
Mar 20, 2025 4:36:32 AM

Thanks much!