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Level 1
February 19, 2025
Question

SEP IRA

  • February 19, 2025
  • 1 reply
  • 2 views

If you have both W2 and 1099 income, is the SEP IRA maximum contribution calculated from the combined income or only the self-employment 1099 income? 

1 reply

MaryK4
Level 15
February 19, 2025

The maximum SEP IRA contribution is calculated using your self-employment income only.  

 

See SEP contribution limits (including grandfathered SARSEPs).

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