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Retirement tax questions
Despite these changes to the limits always being announced by the IRS more than a year before the release of corresponding version of TurboTax, TurboTax always fails to update these and some other cost-of-living-adjusted values in the software in a timely manner. The only practical workaround to this TurboTax policy is to use the CD/download version of TurboTax, use overrides to correct the erroneous values and calculation results, then cancel the overrides before actually filing after TurboTax makes the corrections.
‎January 14, 2021
6:07 AM