evanauken
New Member

Get your taxes done using TurboTax

I am looking to have the SEP IRA maximized (which should be 25% of earnings)   However the system does not maximize it at 25%.  When it calculates it I only see it at 18%   Why does turbo tax not maximize based on the IRS rules?

 

Also if I selected personal 401K it allows me tons more.  I am not sure why that is either.   I have to make a choice at the end of the year and I need to have someone explain why the maximizer does not work correctly