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Retirement tax questions
Does taxable compensation appear on any line on Form 1040? I see total income (line 9), AGI (line 11), and taxable income (line 15). Is the calculation total income minus lines 2 through 7?
My total income will be close to my total retirement plan contributions this year, so it would be nice if I could calculate an exact number the IRS will be using.
I know how to calculate self-employment income to figure my maximum self-employed retirement plan contributions, if that helps any.
‎September 8, 2021
11:01 AM