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Level 1
Apr 16, 2023 9:03 PM UTC
Question

SEP calculated too high?

Hello...my gross self-employment income was about $80,000 / $63,750 after deductions. When I click 'Maximize' it is saying I am able to make a SEP contribution of about $26,000? This seem like WAY too much? Can you assist please? been trying for a few days what I we are doing wrong?

 

Thanks,

 

Michelle