ThomasM125
Employee Tax Expert

Get your taxes done using TurboTax

I'm not sure why this would happen, as a contribution to a SEP IRA would normally reduce your taxable income. One possibility is that you owe money rather than are getting a refund, but you are miss-reading the refund meter. If so, you might be looking at a tax due thinking it is a refund, so when you add the IRA contribution, the tax due decreases, so you think your refund decreased in error.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"