SEP contributions
husband has a SEP under his SSN, wife is an employee not am owner, used husband and wife W2’s for earnings/compensation( married filing jointly). Wife has a second job( with no Tax qualified plan available their , has Fully funded Roth so no Deductible IRA) with a w-2 earnings, can she include these earnings for their SEP contributions at their main business. Any Ideas on increasing allowable compensation for SEP contributions fro them.
Permalink Submitted by Alan - IRA critic on Wed, 2014-06-11 23:56
No, she cannot include the second job earnings for a SEP contribution.