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kschenck
New Member

I can not find a place to accurately enter an additional SEP IRA contribution and have the amount deducted from my taxable income. Customer service on turbo tax is dead.

 
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1 Reply
DawnC
Expert Alumni

I can not find a place to accurately enter an additional SEP IRA contribution and have the amount deducted from my taxable income. Customer service on turbo tax is dead.

You only need to enter Simplified Employee Pension (SEP) IRA contributions made through self-employment work. If your employer made a SEP IRA contribution for you, then you don’t need to enter it in your return. (While you could contribute more to an employer-sponsored SEP IRA, TurboTax doesn’t support these contributions.)

 

Note: Before you enter your SEP IRA contributions, make sure you've entered your self-employed income. This allows us to calculate the maximum amount you're allowed to contribute to your SEP IRA.   For full instructions on where to enter, click this link.

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