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You can contribute up to your net income from self-employment minus the deduction for one half of self-employment tax minus the deduction for self-employed health insurance premiums, if any.
You can contribute up to your net income from self-employment minus the deduction for one half of self-employment tax minus the deduction for self-employed health insurance premiums, if any.
In your case, the maximum amount you can contribute to a self-employed Roth IRA is $12,000 which is the amount of your business net income (after deduction of expenses.
The maximum allowed by the IRS is $18,500 (plus a catch-up contribution of $6,000 if 50 or older) limited to your self-employment net income.
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