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natita [175]
2 years ago
7

What is allowable self-employment plan contributions.

Business
1 answer:
matrenka [14]2 years ago
4 0
<h3><em>Answer:</em></h3><h3><em>Answer:For a self-employed individual, contributions are limited to 25% of your net earnings from self-employment (not including contributions for yourself), up to $61,000 for 2022 ($58,000 for 2021; $57,000 for 2020). You can calculate your plan contributions using the tables and worksheets in Publication 560</em></h3>
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