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Here's what can be contributed to a SEP IRA:

Year	Status	Maximum Contribution
2015	W-2 Income	Up to 25% of compensation, but no more than $53,000.
2015	Self Employed	Generally up to 20%, but no more than $53,000.

Year	Under age 50	Age 50+
2015	$5,500	$6,500

If your filing status is...	And your modified AGI is...	Then you can contribute...
married filing jointly or qualifying widow(er)	< $183,000	up to the limit
	> $183,000 but < $193,000	a reduced amount
	> $193,000	zero
married filing separately and you lived with your spouse at any time during the year	< $10,000	a reduced amount
	> $10,000	zero
single, head of household, or married filing separately and you did not live with your spouse at any time during the year	< $116,000	up to the limit
	> $116,000 but < $131,000	a reduced amount
	> $131,000	zero

If you are covered by a retirement plan at work, use this IRS table to determine if you can deduct...

Year	Eligibility
2015	Anyone Can

When owners of a Traditional IRA reach age 70½, they are required to take annual minimum distributions. The amount changes each year. Simply divide your IRA's value at the end of each year by the distribution period listed next to your age in the following IRS charts:

This table is used only for lifetime distributions and only when the spousal exception applies (when the spouse is the sole beneficiary for the entire year and is more than 10 years younger than the IRA owner). Beneficiaries never use this table.

This table is the life expectancy table to be used by all IRA owners to calculate lifetime distributions unless your beneficiary is your spouse who is more than 10 years younger than you. In that case, you would not use this table, you would use the actual joint life expectancy of you and your spouse based on the regular Joint Life Expectancy Table. The Uniform Lifetime Table is never used by IRA beneficiaries to compute required distributions on their inherited IRAs.

Designated beneficiaries use this Single Life Expectancy Table based on their age in the year after the IRA owner's death. That factor is reduced by one for each succeeding distribution year. Spouse beneficiaries who do not elect to roll the IRA over or treat it as their own also use the single life table, but they can look up their age each year.

Tax on assets transferred to non-spouse heirs at death: Year Exempt from Tax GST Tax Rate 2014 $5,340,000 per person...