This topic contains 1 reply, has 2 voices, and was last updated by 
Laura Handrick 11 months, 1 week ago.
danny 11 months, 1 week agosep ira contribution
so if the gross wages are 100K, then the sep ira contribution is 25% of 100k or $25000,
is that correct?1 ReplyHi 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-sepBest!
Laura, HR Staff Writer1 Reply
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