Where do I enter my SEP IRA contributions?

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.

Once your self-employment income is entered:

1. Open or continue your return in TurboTax.
2. Navigate to the SEP IRA contributions section:
   • TurboTax Online/Mobile: Go to SEP IRA contributions.
   • TurboTax Desktop: Search for SEP IRA contributions (use this exact phrase, including the s on contributions) and select the Jump to link.
3. On the Self-Employed Retirement Plans screen, answer Yes to Did you make a 2024 self-employed retirement plan contribution?
4. Depending on if you contributed, select Yes or No to the question Did you contribute to an Individual or Roth 401(k) plan?
   • If you get the message Self-Employed Retirement Plans are only for self-employed individuals (i.e., those filing Schedules, C, F, or K-1), this means that you haven't entered your self-employed income yet. Once you've entered your income, you can come back to these instructions.
5. On the next screen, select Yes to Do you want to make a contribution to a Keogh, SEP or SIMPLE retirement plan for 2024?
6. Answer any additional questions until you get to the Your Contributions screen, where you’ll be able to input your SEP IRA contributions.

If you want to enter contributions to a Traditional or Roth IRA, follow these instructions.

If you want to enter IRA distributions reported on Form 1099-R, follow these instructions.