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    Programming error 2023 Keogh, SEP and Simple Contribution Worksheet

    LindaTab
    Level 1

    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.

    2 Comments 2
    Terry53029
    Level 15
    Level 15

    Takes ProSeries a long time to up date. have patience, they'll get it right (I hope) before Feb

    TaxGuyBill
    Level 15

    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.