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2. SEP-IRA - Wikipedia

   en.wikipedia.org/wiki/SEP-IRA

   SEP contribution limits are computed not from net profit but from net profit adjusted for the deduction for self-employment tax (2019 Form 1040 Schedule C, line 31; 2019 Form 1040, Schedule F, line 34; or 2019 Form 1065, Schedule K-1, box 14, code A). Barring limits, this is half the 15.3% FICA tax, levied on net earnings, which is 92.35% of ...

3. Everything You Need To Know About Self-Employment Tax - AOL

   www.aol.com/everything-know-self-employment-tax...

   The self-employment tax is comprised of two taxes: the Social Security tax and the Medicare tax. As of the tax year 2022, the Social Security tax rate is 15.3% — that’s 12.4% for Social ...

4. A complete guide to SEP IRAs: Why those who are self-employed ...

   www.aol.com/finance/complete-guide-sep-iras-why...

   Make tax-deductible (traditional) or after-tax (Roth) retirement contributions as a self-employed person Contribute the lesser of 25 percent of your income or $69,000 for 2024 (rises to $70,000 in ...

5. Roth solo 401(k): What it is and who should get one

   www.aol.com/finance/roth-solo-401-k-one...

   For those who are self-employed in a one-person business, a solo 401(k) can be an excellent option. A Roth solo 401(k) offers higher contribution limits than a Roth IRA without the income ...

6. Solo 401 (k) - Wikipedia

   en.wikipedia.org/wiki/Solo_401(k)

   Employer Profit sharing contributions would be reported on IRS Form 1040, Schedule C for a self-employed individual (and on the corporate tax return for an employer corporation). Form 1099-R - Form 1099-R needs to be filed when a distribution is taken from the Solo 401(k), or when an In-Plan Roth conversion is performed.

7. Keogh plan - Wikipedia

   en.wikipedia.org/wiki/Keogh_Plan

   Scenario #1 – A self-employed accountant makes $50,000 per year from her accounting business. Her maximum contribution is 25% of her post-contribution income ($10,000, which would be the same as saying 20% of her gross income), regardless of whether she uses a SEP-IRA, Keogh plan, or SIMPLE 401(k). Since there are less administrative costs ...