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This has been resolved on an update scheduled for tomorrow so check back on 4/6/19 after the update has been applied.

 

 
Incorrect Contribution Limit for 457(b) Catch-up Deferrals
 

TurboTax is calculating an incorrect contribution limit for customer who:

  • Are over 50 and their plans allow for catch-up contributions and
  • Have a governmental 457(b) and
  • Contributed $18,500 to the 457(b) and made additional Designated Roth contributions to the 457(b) or
  • Contributed more than $18,500 in Designated Roth contributions to the 457(b)

Customers with a nongovernmental 457(b) are not impacted and have a reduced contribution limit of $18500.

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This issue is scheduled to be fixed in an update that is currently planned to be released on 4/5/2019.

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**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**