mesiodens

Thanks to all for your input. My self-employment income is sufficient to support the contributions per Spiritrider above. It looks like I was entering the data in the wrong fields causing Turbo Tax to think I contributed too much for my situation. Yes, tax return & 5500 were filed on Sunday, Oct 16. Before the deadline by a nose! (Ouch!)

Hi all, Total newbie here wondering why Turbo Tax is limiting my contributions for myself. I am self-employed with a safe harbor qualified plan in place for myself and employees; not a SEP or SIMPLE plan. I thought I should be able to contribute at least the maximum $18,000 salary deferral plus the $6,000 catch-up amount (yes, I'm old). But Turbo Tax runs some calculations on a worksheet that decrease the amount somewhat. I checked the IRS Pub 560. It refers to a "Deduction Worksheet for Self-Employed" and states it is "only supposed to be used for self-employed". Do I fit that definition? I'm afraid I'm lost. Any suggestions would be appreciated.