alyshai5018
New Member

Will I still have to pay taxes this year if I put 1099 MISC income into an IRA?

I will be receiving a 1099 MISC this year for $8000. I plan on puttin gthis money into an IRA or Vanguard account before the end of the year. Will I still be required to pay self employment tax on this income if it is placed in a "tax later" retirement account?