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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
‎January 28, 2021
7:57 AM