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Business & farm
The contribution allowed is based on your income or program limitations. A SIMPLE would be limited to $17,000 for 2022 so I believe you have a SEP that is being limited based on your income.
If it is a SEP. See SEP Contribution Limits.
If you have a SIMPLE, see SIMPLE IRA Plan FAQs for contributions.
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‎April 10, 2023
4:23 PM