lmarsha1
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Yes, and the limit of SEP-IRA contributions is supposed to be 25% of net income or $61,000, whichever is less. So with my 2021 contribution being 18% and well u...
Activity Feed for lmarsha1
- Got Cheered for Re: SEP-IRA limit is calculating incorrectly? TurboTax says I over contributed and am subject to a penalty, but the amount is only 18% of my income. Please fix this.. March 20, 2023 1:04 PM
- Got Cheered for Re: SEP-IRA limit is calculating incorrectly? TurboTax says I over contributed and am subject to a penalty, but the amount is only 18% of my income. Please fix this.. March 5, 2023 3:40 PM
- Posted SEP-IRA custodian refuses to record April 2023 contribution for 2022--how to handle so 2023 contribution is not excess? IRS rep said custodian is wrong but won't budge. on Retirement tax questions. February 13, 2023 1:52 PM
- Posted I have a dependent paid more than half of expenses. Turbotax says "you don't qualify as Head of Household because you didn't pay for more than 50% of household expenses." on Get your taxes done using TurboTax. January 31, 2023 9:33 AM
- Cheered Re: SEP-IRA limit is calculating incorrectly? TurboTax says I over contributed and am subject to a penalty, but the amount is only 18% of my income. Please fix this. for fanfare. February 13, 2022 6:06 AM
- Cheered Re: SEP-IRA limit is calculating incorrectly? TurboTax says I over contributed and am subject to ... for RaifH. February 13, 2022 6:03 AM
- Posted Re: SEP-IRA limit is calculating incorrectly? TurboTax says I over contributed and am subject to a penalty, but the amount is only 18% of my income. Please fix this. on Retirement tax questions. February 13, 2022 4:42 AM
- Posted SEP-IRA limit is calculating incorrectly? TurboTax says I over contributed and am subject to a penalty, but the amount is only 18% of my income. Please fix this. on Retirement tax questions. February 12, 2022 9:29 PM