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Retirement tax questions
Thank you again. I said $14,000 max as the combined limit for me and my spouse (which we aren't close to reaching). If I subtract the SE tax deduction from our taxable compensation, then the IRA contribution amount is that much lower than the Combined Earned Income number TT came up with when it told me how much we could contribute, which was already higher than the taxable compensation number I calculated. As I stated before, my bigger concern is can I trust TT's software to prepare an accurate return. I may have to call live support again and hope I get someone who knows their stuff and knows TT. But based on past experience with this service, I'm not optimistic.
‎April 12, 2022
8:18 PM