kfenwick
Expert Alumni

Self employed

Hello,

 

Good question! Assuming you otherwise meet the requirements to make a deductible IRA contribution, for 2023, the IRA contribution limits are:

 

 $6,500 for those under age 50, and $7,500 for those age 50 or older.

 

Your contributions to the IRA will not be considered when calculating your annualized income for Form 2210