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Old 02-27-2018, 10:42 AM
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Join Date: Feb 2018
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help clarify SEP max contributions

Hello All:

I'm using turbotax, and when inputting information in the SEP for retirement contributions, I am selecting the maximum checkbox which says it will calculate what the maximum I can contribute. It states that maximum allowed to qualified plans to SEP says $6736, and says amount to contribute by plan due date is $6736. Yet later on, in my retirement deductions results page, it shows that the amount to be contributed by plan due date is -$4264. below this shows the amount deductible is $6736. Which number actually shows me how much I need to contribute to my SEP? Can someone clarify why there are two different numbers?



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Old 02-28-2018, 07:04 AM
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Join Date: Oct 2010
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I am not familiar with the TB tax; I guess youneed to contact the vendor for more accurate help in detail.



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