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skloess
Returning Member

Keogh SEP  Worksheet appears

2025 Home and Business   Keogh SEP  Worksheet appears to have a bug in part V line 1 calculating the maximum allowed deduction.   Should be the addition of section III line 21 and part IV line 3.   However, it generates a different value.   

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2 Replies
timjuliani
Returning Member

Keogh SEP  Worksheet appears

It's still showing $76,500 as the maximum allowed for solo 401k, even though that has increased by $1,000. Even manually putting in the correct contributions totaling $77,500  it still shows the total as $76.5k. It's bad enough that it's wrong, but worse that you can't overwrite it. 

 

MonikaK1
Employee Tax Expert

Keogh SEP  Worksheet appears

Are you still experiencing the issue with incorrect maximum allowed deductions for self-employed retirement accounts?

 

@skloess 

@timjuliani 

 

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