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Have you looked into a solo 401k? 19,500 contributions under
Posted by ananotary of CA on 4/5/21 8:08pm Msg #631023
Age 50 and more if you are over. Doesnít look like a simple IRA would be an option for you.

I would discuss maxing out retirement contributions to your advantage and see where that lands you tax wise before taking self employment tax deductions. Sometimes taking your income down so low doesnít benefit you. At least from what you described, it making it difficult for you to max out these accounts, which sounds like itís a priority for you.
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Messages in this Thread
 IRA options for notary? - Kellosh/CA on 4/2/21 5:47pm
 We opened a simple IRA this year. - ananotary on 4/2/21 5:53pm
 See msg. 630895 below from ArtFL n/m -  MW/VA on 4/2/21 6:08pm
 Re: IRA options for notary? - Art_FL on 4/4/21 8:25am
 Re: IRA options for notary? - PA_Notary_II on 4/5/21 10:02am
 Only fee in excess of market value is subject to SE tax - Kellosh/CA on 4/5/21 5:49pm
 Have you looked into a solo 401k? 19,500 contributions under - ananotary on 4/5/21 8:08pm



 
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