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2. 2023 SEP IRA contribution and income limits: What ... - AOL

   www.aol.com/finance/2023-sep-ira-contribution...

   The SEP IRA has a limit on the annual compensation that is used for figuring retirement plan contributions. For 2023, that limit is $330,000, an increase from $305,000 in 2022.

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

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

   SEP IRA basics: 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 $66,000 for 2023 ...

4. 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 ...

5. SEP IRA vs. Solo 401(k): Find the Best Match for You

   www.aol.com/sep-ira-vs-solo-401-231708235.html

   The contribution limit for a SEP IRA is the lesser of 25% of compensation (20% of net income for self-employed individuals) or $66,000 in 2023. The IRS adjusts the dollar amount for inflation each ...

6. 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 ...

7. Here's how the self-employed can save on taxes and help ... - AOL

   www.aol.com/finance/heres-self-employed-save...

   For next year, the 2022 SEP-IRA contributions limit is $61,000. All your contributions will be tax-deductible. Folks in business for themselves may also choose a solo 401 (k), a retirement plan ...

8. 3 last-minute tax moves for retirement savers [Video] - AOL

   www.aol.com/finance/3-last-minute-tax-moves...

   If you’re self-employed, you can put more of your income away by contributing to a Simplified Employee Pension plan, or SEP IRA. The contribution limit for a SEP IRA for 2023 is 25% of your ...

9. 4 investment moves to consider before tax day - AOL

   www.aol.com/finance/4-investment-moves-consider...

   Contribution limits for 2023 are $3,850 for individuals and $7,750 for families. ... SEP IRA contributions. If you’re self-employed, a Simplified Employee Pension (SEP IRA) can be a great way to ...