How do i calculate the maximum self-employed SEP contribution?

jewellbrowns — Thu, 06 Jun 2019 12:53:07 GMT

Use the steps below to go to the self-employed retirement...

AnnetteB — Thu, 06 Jun 2019 12:53:08 GMT

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 blue link for maximum amount that will 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

topic How do i calculate the maximum self-employed SEP contribution? in Retirement tax questions

How do i calculate the maximum self-employed SEP contribution?

Use the steps below to go to the self-employed retirement...