The maximums for SEPs are well beyond the numbers you have posted, however the numbers you have posted may be the maxium your parents feel they can set asside.See IRS Publication 560 for SEP - I believe you can set asside 25% of with a maximum amount - but that maximum will not come into the picture until incomes are well above $70K. Both parents could have SEPs as far as I know.GordonAtlanta
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