Re: 2020 solo 401(K) contribution limits incorrect on Keogh/SEP/Simple Worksheet?

goose406 · ‎01-18-2021

The 2020 maximum 401K (solo) contribution limits are 19,500 plus 6,500 catch-up for those 50 and over. The 2020 ProSeries Professional 1040 version worksheet is showing limits of 19,000 and 6,000, respectively. When is this fix anticipated?

Just-Lisa-Now- · ‎01-18-2021

Its been asked about several times now, heres the latest

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/deductible-simple-contr...

Update hopefully by the end of the month.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

2020 solo 401(K) contribution limits incorrect on Keogh/SEP/Simple Worksheet?

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