On: Ask HN: I made $24k over the last month. Now what?

[Daniel_Newby]

Incorporation can help with U.S. taxes by enabling a tax-free retirement account with a large contribution limit. (SEP-IRA has a 25% of salary / $49k annual contribution limit.)

[eds → Daniel_Newby]

Important note: incorporation is required neither for SEP-IRA nor for my favorite, the individual 401(k).

[Daniel_Newby → eds]

I stand corrected. Thanks!