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What Are SEP IRA Contribution Maximums?

April 26, 2017contribution IRA maximums SEP

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What Are SEP IRA Contribution Maximums?

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There are maximum limits that must be adhered to when contributing money to an SEP IRA. An employer cannot contribute more than 25% of an employee’s annual salary to their account. This number is based off of W-2 income for the year. In addition to that, an employer cannot contribute more than $49,000 per year regardless of how much the employee makes.