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New Member
posted Feb 23, 2025 11:21:00 AM

My SEP IRA contribution is not showing as a deduction, and does not appear to be reducing my taxable income. Can someone explain why this might be the case?

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1 Replies
Level 15
Feb 23, 2025 3:49:58 PM

This would be the case if you did not have net profit from self-employment to support the SEP contribution.