sep ira contribution

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• 
  danny 1 year, 3 months ago

  sep ira contribution

  so if the gross wages are 100K, then the sep ira contribution is 25% of 100k or $25000,
  is that correct?

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  Laura Handrick
  

  Member

  

  1 year, 3 months ago

  Hi Danny,
  Thanks for posting your question.
  If you’re talking about the SEP IRA Contribution limit, you’re correct.
  Here’s information to verify that.

  https://www.irs.gov/retirement-plans/plan-participant-employee/sep-contribution-limits-including-grandfathered-sarseps
  https://fitsmallbusiness.com/sep-ira-rules/
  https://www.iraresources.com/blog/2017-2018-contribution-limits-and-rules-sep

  Best!
  Laura, HR Staff Writer

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