rbynaker
Level 14
01-16-2024
07:28 AM
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Hi Kathy! Welcome to the asylum (I've seen you on TTB). TaxGuyBill is here too.
ProSeries is notoriously slow at updating inflation adjustments. In most years the 401(k)/SEP limits are not correct until late January. Looks like they're having the same problem this year with FPL.
I have no idea why it's like this. There's certainly plenty of lead time, these numbers come out a year in advance (in fact, they could start working on the TY2024 software and update the FPL to $14,580 while they're at it).
Support is not much help with these things either (there's nothing they can do until the programming gets updated) so you're stuck just waiting until it gets fixed, hopefully before 1/29.
Rick