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Max 401 elective deferral PROSERIES PLEASE UPDATE!!

sariscpa
Level 4

Dear Proseries,

PLEASE Update the Keogh/SEP/SIMPLE Contribution worksheet for 2023.  Line 7b gives an error that the maximum ROTH 401K deferral cannot be more than $27,000.  That was the 2022 maximum.  Please update the software for the correct 2023 amount of $30,000.

THANK YOU!

 

 

 

 

7 Comments 7
Just-Lisa-Now-
Level 15
Level 15

your client meets the age requirement for the 30k limit?

(I havent looked at this worksheet, but I just wanted to make sure this isnt operator error)


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sariscpa
Level 4

Yes, over 50 and is entitled to catch up contribution.

Just-Lisa-Now-
Level 15
Level 15

@IntuitGabi   can we get this sent to development?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
deathandtaxes
Level 2

3 weeks ago
Have you seen any resolution?
I just hit this error myself

This isn't good

0 Cheers
sariscpa
Level 4

No resolution yet.  I have 50 tax returns on hold.

0 Cheers
deathandtaxes
Level 2

WOW!
Proseries / Intuit...come on!
This is an easy one to fix.

Holding up returns!  This is not a good look.

 

 

0 Cheers
sariscpa
Level 4

It looks like this is fixed as of today 3/29/24