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Self employed
Entirely up to you what you enter as your 401k contribution, subject to the applicable limits. Because the option to maximize contribution to individual 401k is on the same page where you enter your actual 401k contribution, you can see what happens to your refund amount if you choose to maximize. If you prefer the higher refund, modify your 401k contribution accordingly. However, if you prefer to keep the funds and receive a smaller refund, then choose that option.
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March 7, 2022
5:50 PM