rifi
Level 4

Retirement tax questions

Thanks AnnetteB6. As you explained, it was not evident until several screens later  (only after entering a contribution amount) that turbotax does tell the user the maximum contribution dollat amount that is deductible. You were astute in realizing I was asking about maximum deductible amount.

Amoung the questions that turbotax asks prior to presenting this amount is: "Are you covered by a retirement plan at work?" If my only income is from self employment, and my only retirement plan is an old SEP IRA,  am I "covered by a retirement plan at work"?