TaxGuyBill
Level 15

@rbynaker wrote:

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


 

It is generally because ProSeries doesn't program according to tax law.  They program things according to the final form and instructions.  So until the IRS finalizes the form and instructions, the program generally still uses the prior year information.  And even then, it often takes Intuit couple of weeks for them to get around to it after the IRS finalizes things.