3497366
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

SEP IRA

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? 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MaryK4
Expert Alumni

SEP IRA

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

 

See SEP contribution limits (including grandfathered SARSEPs).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question