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I am self employed. What is the maximum amount I can contribute to my SEP-IRA
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June 6, 2019
4:53 AM
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Retirement tax questions
where can I enter the ira contribution for 2016 as a self-employed?
June 6, 2019
4:53 AM
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Retirement tax questions
As a self-employed person, for 2016 you can contribute no more than the lesser of:
- 20% of your self-employment income
- $53,000
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June 6, 2019
4:53 AM
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Retirement tax questions
For this calculation, your "self-employment income" is your net profit from self-employment minus the deductible portion of your self-employment taxes.
June 6, 2019
4:53 AM