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Retirement tax questions
Thank you macuser22, but your response only repeats what I read on turbotax before I posed my question. It does not answer my question, though I know you meant well.
I previously read HOW to calculate the specific maximum dollar amount. But I would like turbotax to tell me that $ amount, without me being required to know what is meant by "net self-employed income" (net of what?) and what is "the deductible part of the SE tax". It's ambiguous.
Turbotax does calculate, and present to the turbotax user, the specific maximum $ amount one can contribute to a 401k or SEP IRA. Does turbotax do the same for contributions to a traditional IRA? If so: where? If not, why not?
March 1, 2021
6:55 AM