2020 SEP IRA contributions. Schedule C line 19 is not picking up the SEP IRA contribution to calculate the self-employment tax. After three days of asking: SEP-IRAs do not impact the calculation of the self-employment tax

help31 · ‎May 12, 2021

2020 SEP IRA contributions. SEP-IRAs do not impact the calculation of the self-employment tax, since that is calculated before SEP contributions are calculated. A self-employed person reduces income tax only by contributing to his or her own SEP-IRA.