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The following information is directly from and links to the IRS website

 

Contributions an employer can make to an employee’s SEP-IRA cannot exceed the lesser of:

  1. 25% of the employee’s compensation, or
  2. $55,000 for 2018 ($54,000 for 2017)

Note: Elective salary deferrals and catch-up contributions are not permitted in SEP plans.

If you’ve contributed more than the annual limits to an employee’s SEP-IRA, find out how to correct this mistake.

 

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