This article was originally posted on Financial Planning Toolkit by an author unaffiliated with Capital Investment Advisors.

If you are self-employed, unincorporated, and have only one retirement plan, the IRS requires you to use the following rate table or rate and deduction worksheets to figure your deduction for contributions you made for yourself to a SEP-IRA or qualified plan. The table and worksheets provided here are reproduced from IRS Publication 590, Individual Retirement Arrangements (IRAs).

Table and Worksheets for the Self-Employed

Read on Entrepreneur Magazine: http://finance.toolkit.com/planning_tools/display.aspx?tid=selfemprates_m. This article was originally posted on Financial Planning Toolkit by an author unaffiliated with Capital Investment Advisors. As a part of our effort to disseminate important relevant information to our clients, we frequently post articles from other sites on topics of interest. The information posted in this article does not necessarily reflect the views of our firm.