Since you are self-employed, you must subtract your deductible self-employment tax from your net business income to arrive at the amount to apply the 25% allowance to. You can find your self-employment tax deduction on line 15 of schedule 1 on your tax return.
There are limits to making ROTH IRA contributions depending on your income and other contributions, but that wouldn't limit your SEP contribution amount.
You can view your form 1040 and schedule 1 to 3 while working in the online version of TurboTax by following these steps:
While working on your return in the Federal section of TurboTax:
1. Choose the Tax Tools icon on your left menu bar
2. Tools
3. View Tax Summary
4. Choose the Preview my 1040 on your left menu bar
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