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Retirement tax questions
As long as you have net self-employment income, you can open a SEP IRA, regardless of the fact you have maxed out employer-sponsored 401(k) or 403(b) contributions. You can claim the SEP IRA contributions as tax deductions, unlike the nondeductible IRA contribution if your income is over the limit.
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‎April 8, 2022
8:00 PM
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