turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Oct 16 is the IRS deadline–file confidently with expert help. File Now
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Rish0
New Member

Where and how do I calculate my SEP IRA for 2022?

 
This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Talk to a live expert to get the help you need.
1 Best answer

Accepted Solutions
dmertz
Level 15

Where and how do I calculate my SEP IRA for 2022?

1.  Go to Wages and Income -> Other Business Situations -> Self-Employment Retirement Plans.

2.  Answer Yes to making a self-employed retirement plan contribution.

3.  Answer No to Individual or Roth 401(k).

4.  Answer Yes to Keogh, SEP and SIMPLE contributions.

5.  Mark the Maximize box for a SEP contribution.

 

TurboTax will automatically calculate the maximum permissible SEP contribution based on your net earnings from self-employment.

View solution in original post

1 Reply
dmertz
Level 15

Where and how do I calculate my SEP IRA for 2022?

1.  Go to Wages and Income -> Other Business Situations -> Self-Employment Retirement Plans.

2.  Answer Yes to making a self-employed retirement plan contribution.

3.  Answer No to Individual or Roth 401(k).

4.  Answer Yes to Keogh, SEP and SIMPLE contributions.

5.  Mark the Maximize box for a SEP contribution.

 

TurboTax will automatically calculate the maximum permissible SEP contribution based on your net earnings from self-employment.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v