dmertz
Level 15

Retirement tax questions

Nothing has changed except for increases in contribution limits.  Even the TurboTax self-employed retirement section remains unchanged.  You must have done something wrong.  There is no situation where TurboTax would calculate your maximum self-employed retirement deduction for any type of self-employed retirement plan to be exactly 25% of net income from self employment with net income from self employment in the range that you have.

I suggest comparing the Keogh, SEP and SIMPLE Contribution Worksheet between your 2017 and 2018 tax returns.

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