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In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
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- simple match for self employed
simple match for self employed
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llfcpa
Level 3
a month ago
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Is there a calculation function within pro series to calculate the simple match for a self employed individual?
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qbteachmt
Level 15
a month ago
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Did you mean "simple" as in easy? Or, SIMPLE as in SIMPLE IRA plan? Any retirement plan through their company has a plan document which tells you the terms of matching. For instance, SIMPLE IRA might be 3% match (not more than this, and not exceeding the $ limit, of course). The software you are using doesn't know the employer's plan details.
You can read here:
And here is a limit calculator that gives you Solo 401(k), SIMPLE IRA and SEP IRA $ limit calculations:
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.
