I am entering information into Self-Employment Retirement Plans Individual 401k. I am trying to figure out how much I need to add so I don't have to pay taxes.
Elective Deferrals 20,000 (didn't change)
Employer Matching 15,000 (Change to 25,000)
The total in income and expenses for Self-Employment Retirement Plans shows $41,137 instead of $45,000. No matter how high I make it, it is capped at $41,137. I believe it shouldn't be capped to that number.
