TurboTax 2025 is still showing the 2024 elective deferral limit for self-employed 401ks.

The "Keogh, SEP and SIMPLE Contribution Worksheet" for 2025 is using the 2024 elective deferral limit. Part III, Line 9 shows the maximum allowable as "not more than $23,000". This should be $23,500 for 2025. $23,000 was the 2024 limit. The Part III, Line 21 maximum deductible contribution is also out by $500 accordingly. Disappointing as these limit is already known at the start of the tax year, and is not last minute information that should need to be finalized. Somehow the Part V number that transfers to Schedule 1, Line 16 includes the additional $500 and appears to give the correct total allowable deduction. So evidently, and thankfully, it is not just adding Part III, Line 21 and Part IV, Line 3 as it states.

Will this inconsistency be fixed by an update? The EasyStep verbiage also references the $23,000 number which adds to the confusion.

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