Kristen L. asked

💰  Tax

I am self-employed as an IT consultant for 2.5 years and want to lower my 2015 taxable income by opening a SEP IRA with E*TRADE. Am I eligible for a SEP-IRA deduction for 2015 if I make a contribution of $20,000 by the end of 2015? My gross income for 2015 is approximately $160,000.

May 24th, 2023

Lynn R. answered

Yes, you are eligible for a SEP-IRA deduction for 2015. The deadline for 2015 contributions is April...

May 24th, 2023

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