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2. Does My SEP IRA Allow Catch-Up Contributions? - AOL

   www.aol.com/finance/does-sep-ira-allow-catch...

   Understanding the contribution and income limits associated with SEP IRAs is critical in leveraging their benefits. For 2023, the contribution limit for a SEP IRA is the lesser of 25% of the ...

3. 3 last-minute tax moves for retirement savers - AOL

   www.aol.com/finance/3-last-minute-tax-moves...

   If your employer’s 401(k) plan permits it, and you were age 50 or older at the end of 2023, you can also make catch-up contributions by adding salary deferrals up to $7,500.

4. A complete guide to SEP IRAs: Why those who are self ... - AOL

   www.aol.com/finance/complete-guide-sep-iras-why...

   However, your maximum contribution to the SEP IRA and the 401(k) together is $69,000 in 2024 or $70,000 in 2025, including both employer and employee contributions.

5. SEP-IRA - Wikipedia

   en.wikipedia.org/wiki/SEP-IRA

   SEP contribution limits are computed not from net profit but from net profit adjusted for the deduction for self-employment tax (2019 Form 1040 Schedule C, line 31; 2019 Form 1040, Schedule F, line 34; or 2019 Form 1065, Schedule K-1, box 14, code A). Barring limits, this is half the 15.3% FICA tax, levied on net earnings, which is 92.35% of ...

6. How Does a Simplified Employee Pension (SEP) Work for Retirement?

   www.aol.com/does-simplified-employee-pension-sep...

   Another con for a SEP-IRA is not allowing catch-up contributions for those over 50. Nor does it offer an after-tax Roth option or account loans, which are usually features of the solo 401(k) .

7. Best retirement plans for the self-employed - AOL

   www.aol.com/finance/best-retirement-plans-self...

   Those aged 50 and older can add an additional $7,500 as a catch-up contribution. ... up to the annual compensation limit of $330,000 in 2023 ($345,000 in 2024). ... between the solo 401(k) and SEP ...

8. SEP IRA contribution and income limits for 2024 and 2025 ...

   www.aol.com/finance/2023-sep-ira-contribution...

   The SEP IRA has a limit on the annual compensation that is used for figuring retirement plan contributions. For 2025, that limit is $350,000, an increase from $345,000 in 2024. That limit is ...

9. What Are the Retirement Account Contribution Limits for 2023?

   www.aol.com/finance/retirement-account...

   Additionally, maximum Roth or traditional individual retirement account (IRA) contributions are now set at $6,500 (up from $6,000). The IRA catch-up contribution limit (a contribution that allows ...