bono9763[at]yahoo.com wrote:
- quote -

That is the maximum allowed, but look to the plan which
established the maximum percentage; not always 25%.

ChEar$,
Harlan Lunsford, EA n LA

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kalpanaali[at]yahoo.com wrote:

- quote -

Maximum contributions for a SEP are (net income from
self-employment minus one half the SE tax) times 20%.

Dennis

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

kalpanaali[at]yahoo.com wrote:

- quote -

For SEP you have until the due date, including extensions,
so 10/15 would be your deadline if you extended, assuming
all other conditions are met.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Re: 2005 Tax year
*********************************
What are the rules regarding max contributions SEP IRA and
QRP Keoghs ?

Are they the same for SEP IRA's and Keogh Plans ?

I am more concerned with 2005 SEP IRA contribution Rules.

Can I open a SEP IRA account now for 2005 or is it too late?
I have an Oct 15 th extension

Thanks

Kalpana

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >