SEP IRA Contribution Levels
Here’s what you can contribute to a SEP IRA:
| Year | Status | Maximum Contribution | Deductible |
|---|---|---|---|
| 2012 | W-2 Income | Up to 25% of compensation, but no more than $50,000. | Up to 20% of compensation |
| 2012 | Self Employed | Up to 20% of compensation, but no more than $50,000. | Yes (100%) |