Notes

• •SEP-IRAs are funded by employer contributions only (including for yourself if self-employed). There is no employee elective deferral like a 401(k); amounts are deductible subject to plan rules.
• •For self-employed individuals, the maximum is often expressed as roughly 20% of net earnings after deducting one-half of self-employment tax—equivalent to 25% of compensation in the IRS worksheet.
• •If you have employees, SEP contributions must generally be made for all eligible employees on a uniform percentage basis—this calculator is oriented to owner-only / self-employed planning.
• •Illustrative only—not tax or legal advice; use IRS Publication 560 and your custodian with a CPA.