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Small Business
and Self-Employed Business Owners Help Center Print out the Step-by-step Checklist |
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Make your business run better and more profitably |
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Table of Contents Ten Building Blocks Checklist for Success
More Useful Advice: Resources
Business
Home-Based
Business
Virtual Call Center
Dental Practices:
Medical
Practices:
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IRA Plans
(a) The amount you are eligible to contribute is all you want to
contribute. This year the maximum contribution to
either a Traditional or Roth IRA 100% of income, up to a maximum
$5,000 if under age 50 $6,000 if age 50 or over (a) Traditional IRA If you are NOT in a pension plan then your contribution to a Traditional IRA, up to the maximum, is tax deductible. If you are also a participant in a pension plan, the maximum TAX DEDUCTIBLE contribution to a Traditional IRA, based on income, is as follows:
Full IRA Contribution $50,000 $75,000 Partial IRA Contribution $50,001 - $59,999 $75,001- $84,999 No IRA Contribution: $60,000 + $85,000 + (b) Roth IRA Contributions to a ROTH Ira are NOT tax deductible under any circumstances. The maximum contribution to a Roth IRA is based on income, whether you are in a pension plan or not:
Full IRA Contribution $95,000 $150,000 Partial IRA Contribution $95,001 - $109,999 $150,001- $159,999 No IRA Contribution: $110,000 + $160,000 +
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This week:
Dental Practices:
Medical Practices:
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