I am self employed with no employees. I used the 20% of 0.93 x gross income rule to pre-calculate my maximum SEP contribution for 2025 and came out at 40K. However, when I just used TurboTax 2025 to maximize my traditional SEP contribution, it came out with 70K! This has to be an error. Has anyone had the same problem? Has this been reported to Inuit?
