- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Not for self employment. That is different than W2 income. The retirement deduction is not on schedule C but is a direct deduction on the 1040. So you do get the full deduction from your income tax but it doesn't reduce the self employment tax on your net profit.
March 30, 2024
7:28 AM