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Personal Finance (Not Investing) • do FICA taxes affect IRA pretax contribution limit?

If I have $7k in earned income, can I contribute a full $7k pretax to an IRA despite also owing FICA taxes? Or can I only contribute pretax what remains after paying FICA taxes? (Let's say I also have non qualified dividend income that puts my earned income over the standard deduction.)

Statistics: Posted by djm2001 — Tue Jan 14, 2025 2:54 pm — Replies 2 — Views 104



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