Solved: Which version of Turbotax 2017 includes an automatic maximization of retirement contributions to an IRA / SEP?
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Which version of Turbotax 2017 includes an automatic maximization of retirement contributions to an IRA / SEP?

Last year I was able to automatically ask Turbotax to maximize my retirement contributions, but this year the button seems to be missing. Where do I find the little "Maximize" checkbox?

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Which version of Turbotax 2017 includes an automatic maximization of retirement contributions to an IRA / SEP?

You can find the ‘maximize’ box using the Self-Employed Online version of TurboTax, or any desktop version (Home and Business will provide the most guidance).

Use the steps below to go to the self-employed retirement section of your return.  Go through the screens until you get to the question regarding making a contribution to a SEP where you will indicate that you have (or are) contributed.  Then, there will be a check-box beside the entry for the amount you contributed or plan to contribute.  The box is labeled Maximize.  Checking the box will allow TurboTax to calculate the maximum that you can contribute based on your business income.

  • On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
  • This opens a box where you can type in “self-employed retirement” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
  • The search results will give you an option to “Jump to self-employed retirement
  • Click on the blue “Jump to self-employed retirement” link

View solution in original post

1 Reply
Highlighted
New Member

Which version of Turbotax 2017 includes an automatic maximization of retirement contributions to an IRA / SEP?

You can find the ‘maximize’ box using the Self-Employed Online version of TurboTax, or any desktop version (Home and Business will provide the most guidance).

Use the steps below to go to the self-employed retirement section of your return.  Go through the screens until you get to the question regarding making a contribution to a SEP where you will indicate that you have (or are) contributed.  Then, there will be a check-box beside the entry for the amount you contributed or plan to contribute.  The box is labeled Maximize.  Checking the box will allow TurboTax to calculate the maximum that you can contribute based on your business income.

  • On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
  • This opens a box where you can type in “self-employed retirement” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
  • The search results will give you an option to “Jump to self-employed retirement
  • Click on the blue “Jump to self-employed retirement” link

View solution in original post

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