Thank you for answering. I looked at the IRS link you sent, and it said this:
The annual additions paid to a participant's account cannot exceed the lesser of:
- 100% of the participant's compensation, or
- $69,000 ($76,500 including catch-up contributions) for 2024;
So if the max is $69,000, why is Turbo Tax letting me put in more for a solo 401(k) where I aready maxed out the employee contribution? I should be limited on the 25% profit sharing to the max of $69,000 after the employee contributions, correct?
