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Deductions & credits
I just reread dmertz's response to my question from last year, making me think I may have been mistaken in my response to your post. I am in the same situation as you this year. My 401k contribution and my insurance deduction equals my net profit minus the deductible portion of my SE tax. So I also am wondering if I can contribute the amount of my insurance deduction into my IRA.
‎February 12, 2025
3:18 PM