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URL:  https://boards.fool.com/isnt-the-limit-for-seps-25-the-limit-for-seps-30011529.aspx

Subject:  Re: Income: Schedule C vs. Misc Date:  5/1/2012  10:16 AM
Author:  TMFPMarti Number:  116113 of 129566

Isn't the limit for SEPs 25%

The limit for SEPs is, indeed 25%. However, an additional calculation is required when a self-employed person calculates the max for her contribution, resulting in a max of 20%. The limit for employees of the proprietorship would be 25%. See a thorough reading of all of Chapter 2 of Pub 560.

Phil
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