SEP
Husband files Schedule C on his 1099.
Wife is paid a 1099 for her work.
What are the rules about contributing for the wife?
Husband files Schedule C on his 1099.
Wife is paid a 1099 for her work.
What are the rules about contributing for the wife?
Permalink Submitted by Alan - IRA critic on Thu, 2024-08-01 14:02
Same as his. She can open her own SEP IRA and contribute up to 20% of her net SE income less 1/2 SE tax, but not more than 69k.
Most likely she should be paid with a W-2, however.