As a self-employed individual, the "best" option for maximizing deductions really depends on your overall income from the business, as well as your involvement in any other businesses.
A SEP-IRA lets you contribute 20% of
A SEP-IRA does allow you to contribute more towards your retirement than a "normal" IRA. You can contribute up to 20% of your adjusted net income (from the business) or $52,000 whichever is less.
It is a good option...to
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