In this article. Folic acid is a pregnancy superhero! Taking a prenatal vitamin with the recommended 400 micrograms (mcg) of folic acid before and during pregnancy can help prevent birth defects of your baby's brain and spinal cord. Take it every day and go ahead and have a bowl of fortified cereal, too.
SEP IRA Contribution Limits. The 2015 and 2016 SEP IRA contribution limit is $53,000. For incorporated businesses, compensation is based on W-2 income. Annual contributions can be made into a SEP IRA up to 25% of W-2 income. For those taxed as sole proprietors compensation is based on adjusted earned income. Adjusted earned income is determined by completing an IRS worksheet. SEP IRA contributions of 20% of adjusted earned income can be made annually. In 2015 and 2016 annual compensation of more than $265,000 cannot be taken into consideration for determining contributions. Contributions to a SEP IRA are generally 100% tax deductible and investment earnings in a SEP IRA grow taxed deferred.
Roth IRA contribution limits also remain the same in 2015. You can contribute up to $5,500 in a Roth if you are younger than age 50, or $6,500 if you are older. But Roths are different than traditional IRAs. Roth IRA contributions are not tax deductible, they are made after tax.f you have a SEP IRA, you may contribute up to $53,000, or 25% of up to $265,000 in gross income in 2015. Business owners can also have their own Individual 401(k) or Solo 401(k) . In 2015, limits on 401(k)s are up to $18,000. The 401(k) catch-up contribution limit is also up.