ThomasM125
Expert Alumni

Deductions & credits

You can contribute to a SEP-IRA depending on the net income of the business. You may qualify for a saver's credit depending on your income and amount contributed to the IRA. Yes, you can contribute to an IRA as opposed to a SEP-IRA and you may still qualify for the savers credit.

@Tom in Carolina 

{Edited 3/30/23 at 2:52 PM PST}

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