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Level 5
February 29, 2024
Question

Max 401 elective deferral PROSERIES PLEASE UPDATE!!

  • February 29, 2024
  • 2 replies
  • 23 views

Dear Proseries,

PLEASE Update the Keogh/SEP/SIMPLE Contribution worksheet for 2023.  Line 7b gives an error that the maximum ROTH 401K deferral cannot be more than $27,000.  That was the 2022 maximum.  Please update the software for the correct 2023 amount of $30,000.

THANK YOU!

 

 

 

 

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2 replies

Just-Lisa-Now-
Intuit Community Champion
February 29, 2024

your client meets the age requirement for the 30k limit?

(I havent looked at this worksheet, but I just wanted to make sure this isnt operator error)

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sariscpaAuthor
Level 5
February 29, 2024

Yes, over 50 and is entitled to catch up contribution.

Just-Lisa-Now-
Intuit Community Champion
February 29, 2024

@1569   can we get this sent to development?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 3
March 22, 2024

3 weeks ago
Have you seen any resolution?
I just hit this error myself

This isn't good

sariscpaAuthor
Level 5
March 22, 2024

No resolution yet.  I have 50 tax returns on hold.