Upon review, your TurboTax file has over $65k in self-employment income on 2 Schedule Cs with no expenses reported to reduce the income on either one. Your maximum allowable contribution after deducting 1/2 of self-employment tax and applying the self-employed reduced rate of 20%, is $13,241 against a maximum limit of $61,000. This is a 20% contribution not 39%.
If you want to reduce your self-employment income by allowable expenses see What self-employed expenses can I deduct?
@sshultz
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