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SEP Calculation Way Too High?
Hello...my gross self-employment income was about $80,000 / $63,750 after deductions. .
When I click 'Maximize' it is saying I am able to make a SEP contribution of about $26,000? This seem like WAY too much? Can you assist please? Been trying for a few days what I we are doing wrong? Using TurboTax Deluxe...
Thanks!
‎April 17, 2023
8:46 AM