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Retirement tax questions
If I answer NO to the question "covered by a workplace retirement plan", then I can see the reduction in the taxes (due to the SEP IRA and traditional contributions) and turbotax does not give any errors. My employer does not offer any retirement plan and my wife has no employer as she is an independent contractor. The only thing I am still a bit confused about is whether she can answer "NO" to that question if she opens a SEP IRA.
March 31, 2023
2:17 PM