I contribute to a 401k and my wife is a sole proprietor. Is there a income phase out with a SEP IRA regarding tax deductibility like there is with an IRA?
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I contribute to a 401k and my wife is a sole proprietor. Is there a income phase out with a SEP IRA regarding tax deductibility like there is with an IRA?
posted
June 1, 201910:04 AM
last updated
June 01, 201910:04 AM
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I contribute to a 401k and my wife is a sole proprietor. Is there a income phase out with a SEP IRA regarding tax deductibility like there is with an IRA?
No, there is no income phase-out for the deductibility of a self-employed SEP-IRA.
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