How much can I contribute to a SEP IRA?

 

Contributions made to an employee's or self-employed individual’s SEP-IRA cannot exceed the lesser of:

  1. 25% of the employee's or self-employed individual’s eligible compensation, or
  2. $57,000 for 2020 ($56,000 for 2019)

For more information regarding SEP IRA contributions, please visit the IRS website.

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