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Retirement tax questions
Why are you using the Home & Business version? Does one of you have a self employment business on Schedule C? Does she have any W2 income?
For an IRA contribution. If you only have self-employment income you can only contribute up to your net profit reduced by the deduction allowed for one-half of your self-employment taxes then only up to the max IRA limit.
‎February 15, 2025
10:58 AM