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Self employed
The point is so you don't end up owing a lot on your tax return. You can owe an underpayment penalty if you owe too much on your tax return like 1,000 or more.
If you have withholding taken out you can add it back into the ROTH IRA contribution deposit from your own other money to replace it. So you can still deposit the full 25,000.
‎August 26, 2020
7:56 PM
3,433 Views