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SEP IRA Contribution

TurboTax Deluxe does NOT have any obvious way to enter SEP contributions or have TT calculate the maximum SEP contribution for 2025

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CesarJ
Employee Tax Expert

SEP IRA Contribution

To enter your SEP IRA contributions, follow this article's instructions:

 

Before you enter your SEP IRA contributions, make sure you've entered your self-employed income. This lets us calculate the maximum amount you can 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 and select SEP IRA contributions (use this exact phrase, including the s on contributions).
  3. On the Self-Employed Retirement Plans screen, answer Yes to Did you make a 2025 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 (such as 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 2025?
  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.


 

 

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