Category

Retirement

Type

Above-Line

2025 Limit

Lesser of $70,000 or 25% of net SE income

2026 Limit

Lesser of $71,000 or 25% of net SE income

IRC Reference

IRC § 408(k)

Eligibility

Self-employed, freelancers, small business owners

Notes / Description

One of the most powerful retirement deductions for self-employed individuals. Must be set up by tax filing deadline (with extension).