How to get Lacerte to calculate maximum SEP contribution with Catchup

Maximum SEP contribution is $58,000 with optional $6,500 catch up if over 50. How do I get Lacerte to calculate/allow the additional $6,500?

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Level 15

I know this sounds like stupid question, but do you have the correct date of birth in Screen 1?

Answers are easy. Questions are hard!

Level 9

Off the top of my head, SEP IRA's don't get the catch-up. SARSEP, 401(K), 403(b) do. No research here. Look into it

I come here for kudos and IRonMaN's jokes.

Level 15

"Contributions an employer can make to an employee's SEP-IRA cannot exceed the lesser of:

Note: Elective salary deferrals and catch-up contributions are not permitted in SEP plans."

Don't yell at us; we're volunteers

Level 5

You mean to say "don't believe everything you read"?

Thanks y'all. Took me a bit to get back here. I kept getting error messages.

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