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Subject:  Re: 401(k) and IRAs Date:  6/18/2003  7:24 PM
Author:  phalanx001 Number:  36575 of 88775

Was the 13% -> 25% maximum contribution in the SEP-IRA deductible?

In other words (forgetting the Roth IRA for now), you maxed out your deductible contributions to the 401(k) and contributed more to the SEP-IRA. Since those contributions come from the "employer", do you personally report that as income and, either way, is it deductible?

Finally, is there a maximum level of deductible contributions across employers and plans?

Thanks for everyone's input.
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