This self-employment retirement plan account comparison has been updated with information for the 2023 & 2024 tax years. My search for the best self-employment income retirement account started with this: while completing my tax return in prior years, I started noticing that I would have a not-insignificant tax bill due from self-employment, 1099, and side project income unless I found a way to reduce my taxable income. This was especially true for a number of years when I was receiving full-time employment income on top of side-project income. Our (Mrs. 20SF and I file jointly) income levels were above the
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