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What is allowable self-employment plan contributions.
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What is allowable self-employment plan contributions.

User Cybercop
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18 votes

Answer:

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

User Typetetris
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