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Subject:  Re: Maximum 2013 SEP IRA contribution? Date:  12/27/2013  5:00 AM
Author:  ptheland Number:  119763 of 127533

How much can I contribute as an employer-side contribution to my SEP IRA?

You'll be limited to 20% of the net income from your self-employment. (There's a hard dollar limit as well, but that's somewhere around $50k, so the percentage limit will affect you first.) On $30k of NET income, that would be $6000. Technically, a little less, as I'm pretty sure you reduce your net income by the deductible part of your social security taxes as well.

Such a SEP contribution would be considered to be employer coverage for you, so you would be subject to the lower limits for deducting traditional IRA contributions.

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