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Get your taxes done using TurboTax
2020 Turbo Tax does not allow i(401)k employee contributions up to $26,000 for those age 50 and up. Instead, it enforces $19,500 for all ages. Last year, the software correctly allowed up to $25,000 for those age 50 and up.
I guess I will check back in a month or so to see if this has gotten fixed.
March 19, 2021
8:20 AM