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Deductions & credits
The catch-up limit for 401K Contributions in the Keogh, SEP, and Simple Contributions Worksheet is still set to $6,000. Per the earlier series of messages, it was my understanding that this should be $6,500 in 2020. It was also my understanding that this would be fixed in Turbotax.
As of January 27, this has not yet been fixed in Turbotax. When will this be fixed in Turbotax?
‎January 27, 2021
6:28 AM