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Retirement tax questions
Those of us who have used TTX for many years...we are well aware that anyone buying the 2024 TTX software this early? ...they will get what is essentially a beta version, and that many limits, like this one, will use the prior year's limits, and don't get reset until closer to January...or sometimes into January. But exactly which limits get updated to the proper values, and when they get reset to the 2024 values can occur during any one of the weekly software updates between now and January.
Software updates usually come out on Wed or Thurs evenings, so check for software updates each Friday morning.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎November 14, 2024
7:59 AM