xession916 xession916
  • 17-02-2022
  • Business
contestada

What is allowable self-employment plan contributions.

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rajyadav243243
rajyadav243243 rajyadav243243
  • 19-02-2022

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

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