|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Investing/Strategies / Retirement Investing |
||
|
URL:
http://boards.fool.com/buzman-contributions-to-a-sep-ira-are-a-19209234.aspx
|
||
| Subject: Re: 401(k) and IRAs | Date: 6/19/2003 10:57 AM | |
| Author: decath | Number: 36579 of 88758 | |
|
buzman: Contributions to a SEP-IRA are a deductible expense so the maximum contribution rate is lowered from 25% to 20% for self-employed income. This stuff really gives me a headache! I use turbo-tax and used their calculations on how much I could contribute to my SEP-IRA. I went back to double check my 2002 tax return after reading your post and sure enough, it was 20%! decath (will have to read more of the fine print for the 2003 tax season) |
||
| Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||