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G
gcrab605
June 6, 2019
Solved

I am self employed. What is the maximum amount I can contribute to my SEP-IRA

  • June 6, 2019
  • 2 replies
  • 0 views
No text available
Best answer by MinhT1

As a self-employed person, for 2016 you can contribute no more than the lesser of:

  • 20% of your self-employment income
  • $53,000

2 replies

W
wosilauda
June 6, 2019
where can I enter the ira contribution for 2016 as a self-employed?
M
MinhT1Answer
June 6, 2019

As a self-employed person, for 2016 you can contribute no more than the lesser of:

  • 20% of your self-employment income
  • $53,000
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
D
dmertz
Employee
June 6, 2019
For this calculation, your "self-employment income" is your net profit from self-employment minus the deductible portion of your self-employment taxes.
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