According to WWW.IRS.GOV, the catch-up limit for 401K contributions is $6,500 in 2020. However, in the Keogh, SEP, Simple Contribution Worksheet in Turbotax Business 2020, the catch-up limit is shown as $6,000. Which of those is correct? Is there an error in that worksheet or does the $6,500 catch-up limit not apply for an Owner K plan?
