You can contribute to a 2021 IRA but it’s too late to contribute to 2020 as super Tax Champ @Bsch4477. The limit is $6,000 + $1,000 for someone 50 or older. The limit is the same for 2022.
IRS announces changes to retirement plans for 2022
A business owner can make additional contributions outside an IRA by setting up a Solo 401(k) plan and other types of plans.
See Retirement Plans for Self-Employed People
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