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SEP IRA Contribution Limits 2013. You can contribute up to 25% of your total salary or 20% of your adjusted annual income to a SEP IRA, up to a limit of $51,000 in tax year 2013. This is almost twice the limit for 401(k) investors. In 2013, you can put up to $17,500 into a 401(k) or 403(b). Contribution rules SEP IRA contribution limits are generous. The SEP IRA allows contributions up to 25% of compensation or $51,000 (whichever is less) for the 2013 tax-filing year. The maximum amount of compensation used in determining your contribution is $255,000 for the 2013 tax year. You can also make your traditional IRA contributions for the year to the SEP-IRA. These contributions count toward your annual contribution limit for traditional IRAs, but not towards the employer contribution limits As of 2013, the maximum contribution your employer can make into your SEP IRA is $51,000 or 25 percent of your compensation, whichever is less. The tax-deductible amount of your contribution shrinks as you approach personal income limits. If you participate in a SEP IRA, you can contribute as much as 25% of your gross annual salary or 20% of your net adjusted annual self-employment income, as long as the contributions do not exceed the maximum of $52,000 in 2014 and $53,000 in 2015. You can both receive employer contributions to a SEP-IRA and make regular, annual contributions to a traditional or Roth IRA. Employer contributions made under a SEP plan do not affect the amount you can contribute to an IRA on your own behalf. You can contribute to both a SEP IRA and a traditional IRA in the same year, but there are some factors to consider. Contribution limits can vary based on whether you're the business owner, and different rules might apply depending on the plan's rules. SEP stands for Simplified Employee Pension. If the SEP-IRA permits non-SEP contributions, you can make regular IRA contributions (including IRA catch-up contributions if you are age 50 and older) to your SEP-IRA, up to the maximum annual limit.
http://retireplan.about.com/od/iras/a/SEP-IRA-Contribution-Limits-2013.htm http://www.fool.com/retirement/iras/2014/03/01/sep-ira-rules-what-you-need-to-know.aspx http://budgeting.thenest.com/can-sole-proprietor-sep-plan-still-make-traditional-ira-contributions-29222.html http://finance.zacks.com/can-sep-contributions-made-traditional-ira-10732.html http://retireplan.about.com/od/iras/a/What-Is-A-Sep-Ira.htm https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps-contributions http://finance.zacks.com/can-make-sep-ira-contribution-traditional-ira-contribution-same-year-4120.html https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps-contributions
can you make an ira contribution to a sep