Elective deferrals in the calculation of a self-employment retirement plan deduction

If contributions are made on behalf of an employee in the form of an elective deferral, mark the
Include elective deferral in computing maximum allowable contribution
checkbox on the
Keogh
screen.
The application assumes the maximum elective deferral amount of $18,000 for when calculating the allowable contribution. It reduces the $18,000 maximum by any contributions entered on the
W2
screen or in a separate
Keogh
screen made on behalf of the same individual.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close