A SEP-IRA lets a self-employed person set aside up to twenty five percent of their income before tax. It is one of the simplest plans to open, and every dollar is deductible.
See how it works through one simple example.
A SEP-IRA lets you contribute up to twenty five percent of your income, before tax.
On a typical freelance income, that can be about thirty thousand dollars sheltered, far more than a regular IRA, and every dollar is deductible.
It opens in minutes at most brokers, with almost no paperwork or yearly admin.
Slide to your number.
This is a rough guess. Connect your account to see your real number, down to the dollar.
A simple federal estimate to show the idea, not a tax filing. Real numbers depend on your full situation and current limits, which we confirm before you act.
Connect your account and we confirm your eligibility and the exact numbers.
Free to check. Nothing happens until you say so.
The honest version.
Up to 25% of your compensation, capped at the annual dollar limit. Deduckt confirms your exact number.
A solo 401(k) can allow more at lower incomes and adds a Roth option, but a SEP-IRA is simpler. We compare them for you.
Very easy. Most brokers open one in minutes, with little ongoing paperwork.
Connect an account or upload last year's return. No card to get your number.
Find my savings