I am having the exact same problem. My 2023 contribution to an individual 401(k) was $28,600. As you noted, the actual contribution limit for 2023 was $22,500 plus a catchup of $7,500 for those over 50 -- for a total of $30,000. But Turbotax flags the entry (in Smart Check) with this notation:
“Taxpayer elective deferrals to an individual 401k plan should not be greater than $27,000.”
Can someone at Turbotax respond and let us know what is causing this error?
