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Keogh Plan Retirement plan, named for U.S. Representative Eugene James Keogh, is designed for self-employed individuals.The maximum annual deductible amount is the lesser of 20% of gross self-employment income or $49,000 (in 2009), where 20% of gross self-employment income is a shortcut to the long-form method of calculating 25% net Keogh earnings, as stated in the code. |
