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Does SEP RA maximum contribution change due to what?
Turbo Tax is saying my maximum SEP IRA contribution for 2022 is some hundreds less than the maximum of 25% of my self-employed income up to a maximum of $61,000. TT says I have to remove the excess contributions or pay a penalty. I made more than the 25%/maximum of $61,000.
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‎April 16, 2023
10:49 AM