Question
Lacerte not recognizing maximum SIMPLE IRA limit for taxpayer age 67
Per Secure 2.0 the maximum SIMPLE IRA limit for an employee age 67 who participates in an employer plan with fewer than 25 employees is $21,450 ($17,600 + $3,850 catch up). Lacerte is giving a critical diagnostic stating the maximum is $20,000. Is there something that needs to be entered to overcome this diagnostic.
