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Retirement tax questions
The latest update purports to fix the bug in that it does not show the return having an error if you enter $21,450 as your Simple IRA payment. BUT Turbotax calculates your tax incorrectly if you do not manually over-ride two places where it shows the payment as $19,000. This seems to be the Keogh/Sep IRA worksheet and th 1040 worksheet line 16. If not fixed, I think some people are going to pay more taxes than they owe!
March 2, 2025
12:22 AM