Anthony C
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 1
		
	
				
		
	
		
			
    
	
		
		
		12-08-2020
	
		
		07:20 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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If I am understanding this correctly, business owner maxed out contributions to traditional IRA ($6,000) then opened a SIMPLE IRA and maxed that contribution ($13,500), are both deductible in the same year? staying under the individual ($19,500) limit for 2020? TIA