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- Programming error 2023 Keogh, SEP and Simple Contribution Worksheet
Programming error 2023 Keogh, SEP and Simple Contribution Worksheet
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LindaTab
Level 1
01-17-2024
05:56 PM
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This worksheet is using the 2022 maximum ($20,500) allowable elective deferral to an individual 401(k) instead of the 2023 maximum of $22,500. It also appears that the allowable catch-up amount was not increased from $6500 to $7500.
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Terry53029
Level 14
01-17-2024
06:12 PM
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Takes ProSeries a long time to up date. have patience, they'll get it right (I hope) before Feb
TaxGuyBill
Level 15
01-18-2024
11:25 AM
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Yep.
ProSeries doesn't update according to law; they update according to forms, instructions and publications.
I see that the IRS has not updated Publication 560 yet for 2023, so that may be why ProSeries hasn't gotten around to it yet.
