IRA Contributions

[GB2010]

Can I still contribute to a SEP IRA for tax year 2023 if I max out on the Roth IRA at $6,500? I have a MAGI of ~$100K, with SE income at about $13K?

[dmertz · Accepted solution]

Yes, with $13k of net profit from self-employment you can contribute to both.  At that amount of net profit, the contribution limits for the Roth IRA and the SEP plan are independent of each other.