In the desktop version of the 2022 Home and Business desktop product (for Windows), the elective deferral amounts for the individual 401k are wrong. They show as 19,500 for 2022. But the actual amount for the 401k elective deferral for 2022 is 20,500. Per the IRS: One Participant 401k Plans | Internal Revenue Service (irs.gov) The amount in the calculation screen shows as 19,500 and the amount in the Keogh SEP and SIMPLE form (where this shows up and which is the linked form) also calculates as 19,500. When will a software fix be available?
Thanks,
Heidi
