Question
Individual 401(k) contribution limit error - 2025
For the desktop version, I am getting an error with finalizing my tax return when I enter my spouses employee deferrals for our individual 401(k) plan for income earned through our LLC. She contributed $23,500 employee defferral for the year (The 2025 IRS limit) and I keep getting an error that I need to put an amount less than 23,500. The only way it will allow me to proceed is if I put in 23,000 or less ( The 2024 limit.)
Has anyone else ran into this issue and found a way to resolve this? I have an extension to file our returns but want to get them e-filed asap to get this off my plate.
