Any way to reduce my Schedule C income with retirement account?
04-11-2005, 04:45 PM
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Three Wheelin'
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Any way to reduce my Schedule C income with retirement account?
I'm a self employed sole proprietor with no employees and I'm getting killed on my self employment tax. Things like mortgage interest deduction and IRAs reduce income tax but don't help with self employment tax. Are there any retirement vehicles that I can deduct against schedule C income?
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