Shelter more of what you earn.
If you're self-employed in Nevada, a SEP IRA lets you contribute up to 25% of your net earnings — far more than a Roth or traditional IRA — and deduct every dollar this tax year.
What you get
Up to $70,000 in 2026
Contribute up to 25% of net self-employment income, capped at the annual IRS limit. Way more than the $7,000 traditional IRA cap.
Fully tax-deductible
Every contribution reduces your current-year taxable income. Common savings run five figures for high-earning 1099s.
Set up in a week
No compliance testing, no 5500 filings. If you're a solo operator, this is the simplest tax-advantaged retirement plan there is.
Flexible each year
Great year? Max it out. Slow year? Skip it. Contributions aren't locked in like a 401K match.
Who it's for
- Nevada 1099 contractors, freelancers, and consultants
- Sole proprietors and single-member LLCs
- S-corp owners taking reasonable W-2 comp
- Small teams (2–5) where the owner does most of the earning
Need more answers?
One conversation with a licensed Nevada advisor. No robocalls, no pressure — just a plan that fits.
Common questions
What if I have employees?
You'd have to contribute the same percentage for eligible employees. For most solo operators or family teams, that's fine — for larger staffs, a 401K is usually better.
When's the deadline to open one?
You can open and fund a SEP IRA up to your tax filing deadline (including extensions), for the prior year. Rare among retirement plans.
Can I have both a SEP and a Roth?
Yes. SEP contributions don't affect your ability to contribute to a Roth IRA (within income limits).