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Get your taxes done using TurboTax
In its help window, TurboTax lists $25,000 as the maximum 401K salary deferral for 2020. It should be $26,000 ($19,500 + $6500 catch up).
In the window "A Friendly Reminder about your Retirement," TurboTax lists the RMD age for most people as 70 1/2. It should reflect the change in law to age 72.
But kudos to TurboTax for bringing this reminder to people close to 70!
May 5, 2021
8:55 PM