Your contributions to a SEP-IRA,which can vary from year to year,are tax deductible and earnings accumulate on a tax-deferred basis.

Question

Quizplus · Accepted Answer

Contributions to a SEP-IRA (Simplified Employee Pension Individual Retirement Account) are indeed tax-deductible, and the earnings on the investments in the account accumulate on a tax-deferred basis until withdrawals begin, typically in retirement.

Your Contributions to a SEP-IRA,which Can Vary from Year to Year,are