How much can a self employed individual deduct for his personal SEP IRA contribution?

[Cindy0H · Accepted solution]

The maximum contribution cannot exceed the lessor of 25% of total compensation of either:  $55,000 for 2018.

TurboTax will compute the maximum allowed or you can adjust it to a smaller amount. Here's how;

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• Less Common Business Situations
• Self-employed Retirement
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