Yes. You can make contributions to a SEP IRA and make regular, annual contributions to a Traditional or Roth IRA. If you participate in a SEP IRA, you are considered an active participant in an employer-sponsored retirement plan. Typically, your Traditional IRA contributions are tax-deductible, but this can change based on the SEP IRA contributions you are making, your income, or other factors. Contact your tax advisor and read more on the IRS website.
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