dmertz
Level 15

Retirement tax questions

You can also contribute to a SEP-IRA or a SIMPLE IRA plan.  (A SIMPLE IRA  plan would have to have been established last year while a SEP plan can be established up until the due date of your tax return.) depending on your net profit from self-employment, you may be eligible to contribute to a SEP or SIMPLE IRA *and* a personal IRA.