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Question
what is the maximum SEP IRA deduction?
Answer

The max that you can contribute to your SEP IRA is 25% of your compensation, up to $58,000. For self-employed folks who don’t have W-2 wages, compensation is your net income, after self-employed taxes have been deducted.

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Sarah York, EA

Sarah is an Enrolled Agent with the IRS and has 6 years of tax and accounting experience. She's an avid hiker, animal lover, and self-proclaimed chocolate connoisseur.

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