Financial Adviser

Likewise, the deductible contribution limit on a SEP is 25{791cf634350853aa929d899ac26203c48570d222f34b0095e87afe5e9b20c495} of compensation up to $57,000 in 2020. “In distinction, the deductible contribution to an outlined benefit or money steadiness plan for a self-employed individual can exceed $300,000,” he says.

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