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.
1 If you are contributing to a SEP-IRA set up by your employer, you are allowed to contribute a maximum of $53,000 or 25% of compensation, whichever is lower. 2  For the 2015 tax year, the maximum amount of compensation used in determining your contribution is $265,000.Be aware that your eligibility to contribute to a traditional IRA is not affected by your participation in a SEP-IRA; however, your ability to deduct contributions to a traditional IRA may be.lso, the spousal Roth IRA must be held in his or her name and tax identification number. In order to be eligible to contribute fully to a Roth IRA, your MAGI (again, that stands for modified adjusted gross income) must be less than $116,000 for a single filer in 2015, and $183,000 or less for married filing jointly.