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
2025
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.note
If you enter
4
in Compute maximum allowable contribution
, the application marks the Include elective deferral in computing maximum allowable contribution
checkbox.
