Are you self-employed? Then you should consider a SEP IRA! Haley Gant, CISP, goes over some pros and cons of having a SEP IRA, that way you can make the best decision for yourself.
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Thank you
Thank you so much for the explanation! I recently established SEP. I already filed my tax for 2020 back in February and obviously didn't report any SEP contribution. Is it still possible to contribute to my SEP for 2020? or is it too late and I should start contributing in 2021?
Clear and concise presentation.
Are contributions deducted from state taxes also?
Appreciate the content and knowledge you guys spread.