How much can I contribute to a SEP account?
July 8, 2005
Subject: SEP Accounts
Date: Sat, 18 Jun 2005
Can I contribute more to my SEP than the $40,000 deductible amount?
Date: Fri, 01 Jul 2005
The maximum contribution was increased to $41,000 for 2004 and $42,000 for 2005. Remember the maximum contribution is 25% of qualifying compensation.
Non-deductible contributions are not allowed in addition to the deductible contributions.
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