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June 1, 2019
Question

I contribute to a 401k and my wife is a sole proprietor. Is there a income phase out with a SEP IRA regarding tax deductibility like there is with an IRA?

  • June 1, 2019
  • 1 reply
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    1 reply

    June 1, 2019

    No, there is no income phase-out for the deductibility of a self-employed SEP-IRA.

    Please read this IRS document:

    https://www.irs.gov/retirement-plans/retirement-plans-for-self-employed-people


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