Deffered benefit plan

[Mdlle8899]

Can one contribution 100% profits from their side business? And what are plans to contribute most?

[Cindy4]

If by deferred benefit plan you are referring to retirement plans for self-employment earnings, there are limits for the different types of plans.  It could be possible to contribute 100% of your profit depending on the type of plan you set up and the amount of earnings. 

For a SIMPLE IRA You can contribute up to $16,000, or $19,500 if you are 50 or older, as long as that doesn’t exceed your earnings.  Other plans, like a SEP, limit the contribution amount to 25% of your net earnings.

Here is a great resource:  https://www.irs.gov/retirement-plans/retirement-plans-for-self-employed-people

Hope this helps!

Cindy