Tax Problems...
Tax Problems...
Out of context: Reply #11
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- tkmeister0
you should open SEP account and max it out. u can put upto 25% of your income. that'll reduce your taxable income significantly.
also, you are saving for your future. and what's even better? on 2010, u can rollover SEP to rothIRA, meaning that when u convert, u have to pay tax on the amount but after that no taxes! you can save soooo much on this. but then again, congress may change this before it even kicks in.