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February 23, 2025
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My SEP IRA contribution is not showing as a deduction, and does not appear to be reducing my taxable income. Can someone explain why this might be the case?

  • February 23, 2025
  • 1 reply
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    Best answer by dmertz

    This would be the case if you did not have net profit from self-employment to support the SEP contribution.

    1 reply

    dmertzAnswer
    Employee
    February 23, 2025

    This would be the case if you did not have net profit from self-employment to support the SEP contribution.