Are Keogh catchup contributions tax deductible? Client made $57K plus 6.5K Keogh contribution for $63.5 Total. SEP Worksheet allows max of $56,817 as deductible.
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Are you being limited by the earnings?
Read this as a review: https://www.fool.com/retirement/plans/keogh-plan/
What kind of Keogh catchup do you think there is?
There is an over 50 additional contribution allowed for 401(k) deferrals.
Your basic SEP has no deferrals and $57K is the maximum annual addition.
SEP and Keogh are not the same, and the possibility for Keogh is three different types.
Another article:
https://www.investopedia.com/articles/investing/112315/sep-vs-keogh-plans-which-right-you.asp
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