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Level 4
March 2, 2022
Solved

Where do I enter SEP contributions so that I can get the saver's credit? If I enter it in "SEP", the credit doesn't calculate.

  • March 2, 2022
  • 2 replies
  • 18 views
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Best answer by rbynaker

Contributions to a modern SEP-IRA won't qualify since they are purely employer contributions (but if you have an old SAR-SEP they might.)  There's still time for an IRA though.

2 replies

sjrcpa
Level 15
March 2, 2022

IGNORE Is client's income too high for the credit?

The more I know the more I don’t know.
rbynaker
rbynakerAnswer
Level 13
March 2, 2022

Contributions to a modern SEP-IRA won't qualify since they are purely employer contributions (but if you have an old SAR-SEP they might.)  There's still time for an IRA though.

Level 4
March 2, 2022

Thank you for your time.