SEP contribution

Onefish — Thu, 13 Mar 2025 22:02:43 GMT

My downloaded TT for 2024 doesn't allow me to calculate an SEP contribution deduction. The instruction to enter "SEP IRA contributions" doesn't bring up the "Jump to" link or the steps to figure the maximum contribution. I wait until the end of the year, figure the deduction and then make that contribution to my plan. I'm done with my return except for this one thing. Someone please help???

Re: SEP contribution

DoninGA — Thu, 13 Mar 2025 22:13:43 GMT

If you are using the TurboTax online web-based editions -
Click on Tax Tools on the left side of the program screen. Click on Tools. Click on Topic Search. Type in self-employed retirement. With the key words highlighted, click on GO.

If you are using the 2024 TurboTax CD/Download desktop editions the procedure is a little more convoluted but it will get you to the screen you need -

If the AI is turned on for the desktop Search, it needs to be turned off.

Click on the File menu at the top left of the desktop program screen

Click on Sign in as (User ID)

Click on Sign off and then click on Sign off again

Click on Search located in the upper right of the program screen.

On the Sign In window click on the X to close the window

Click on the Search icon in the upper right of the desktop program screen.

Type in self-employed retirement and Enter

Click on Jump to self-employed retirement

topic Re: SEP contribution in Retirement tax questions

SEP contribution

Re: SEP contribution