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URL:  http://boards.fool.com/the-2000-2001-sep-ira-max-was-13-of-my-19207548.aspx

Subject:  Re: 401(k) and IRAs Date:  6/18/2003  11:00 PM
Author:  buzman Number:  36577 of 76418

The 2000 & 2001 SEP-IRA max was 13% of my adjusted gross self-employment income. Then in 2002, it went up to 25%.

decath


I am not an accountant but according to the IRS, SEP-IRA contributions are limited to 20% for self-employed.


Because your deduction amount and your net earning amount are each dependent on the other this adjustment presents a problem. To solve this problem, you must use a REDUCED contribution rate www.irs.gov

buzman
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