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I am assuming you are foregoing the SEP, please let em know if incorrect. Assuming both W2s correctly show you were not covered by a retirement plan, you max traditional IRA contribution would be $6500 based on your age as assuming you earned at least $6500 in 2015. Does that answer your question?
Yes, I am foregoing SEP contribution.
Also, can I **OPEN** a **NEW** 2015 IRA now and contribute to it by 4/18/16 or am I too late to open a NEW 2015 IRA for 2015 contribution purposes?
Not too late.
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