If your earned income is over $2000, you can contribute $2000 to a regular or perhaps a Roth IRA. That has nothing to do with your SEP. You may also contribute 15% of your schedule C income to your SEP if you wish. So, if you have a job, maybe for part of the year in which you are an employee, and make most of your money there, you can put $2000 in regular IRA. Depending on the income level, it may not be deductible, but that is a different issue. If your total income is below the limits allowed for a Roth, you have your choice of regular or Roth, but the sum of your contributions to a Roth and a regular cannot exceed $2000. It is only the SEP that lets you go over the $2000. Hope this helps. Chris
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