Keogh Calculator        
This calculator is designed to determine the maximum contribution to a Keogh plan based on the retirement plan limit and the self-employment (SE) income. The model calculates SE tax and adjusts the answer for W-2 income that might offset SE tax.    
           
Maximum covered compensation   
Input the maximum covered compensation for the current year.
   
Maximum contribution – IRC §415(c) 
Input the maximum contribution to DC plans for the current year.
   
Social Security Wage Base  
Enter the Social Security wage base for the current year.
   
           
Plan contribution rate  
The plan contribution rate cannot exceed 25%.
   
W-2 income that may offset SE tax    
Self employment income      
           
Calculated SE Tax        
           
Net SE Income        
Less 1/2 SE Tax        
Adjusted Net SE income      
           
Maximum Retirement Plan Contribution