Taxes Q & A- Can a person make a contribution - E-PersonalFinance

    • Can a person make a contribution to a SEP-IRA and a Roth IRA, too?

    Yes, you can make a contribution to a SEP-IRA and a Roth IRA. See Chapter 2 of Publication 590, Individual Retirement Arrangements (IRAs), for the requirements to contribute to a SEP and a Roth IRA. However, your SEP IRA contribution and Roth IRA contribution can not be made to the same IRA.

    References:

  • Publication 590, Individual Retirement Arrangements (IRAs)
  • Publication 560, Retirement Plans for Small Business
  • Tax Topic 451, Individual Retirement Arrangements (IRAs)

    Source: www.irs.gov

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