Will TT fix the government 457b deferred compensation 3-year catch up limit to 37000 for people over 50 years old?

gtavcode3 — Mon, 03 Jun 2019 18:18:21 GMT

https://ttlc.intuit.com/questions/4732918-403-b-and-457-b...

SweetieJean — Mon, 03 Jun 2019 18:18:23 GMT

https://ttlc.intuit.com/questions/4732918-403-b-and-457-b-catch-up-contributions?jump_to=answer_7376...

Re: https://ttlc.intuit.com/questions/4732918-403-b-and-457-b...

racerock11 — Sun, 02 Feb 2020 16:27:08 GMT

That link does not work.

In the end, when is TT going to fix their software to account for the two age based contributions allowed for in:

- 403 - can be into the upper 30's

- 457 - 3 years to go and you can defer an additional 3K.

Even TT themselves have finally publicly acknowledged they know about this (I have for 2 years and my wife is taking advantage of both:

https://turbotax.intuit.com/tax-tips/retirement/are-403b-contributions-tax-deductible/L8AshU5Nb

"Additionally, if you have at least 15 years of service with an employer and have made average annual contributions of less than $5,000, the IRS permits an additional lifetime "catch-up" amount of $15,000 that you can use in $3,000 per year increments."

If they do not fix this issue in TT Tax this year, I may be returning my version to Costco.

Last year - those of us that took advantage of 403 and/or 457 Age Based Contributions had to print and snail mail returns and were not able to use e-file which is a benefit of TT that we pay for and do not receive.

Ridiculous.

What is the ETA of the software update TT?

- What do you have to say???

topic Re: https://ttlc.intuit.com/questions/4732918-403-b-and-457-b... in Get your taxes done using TurboTax

Will TT fix the government 457b deferred compensation 3-year catch up limit to 37000 for people over 50 years old?

https://ttlc.intuit.com/questions/4732918-403-b-and-457-b...

Re: https://ttlc.intuit.com/questions/4732918-403-b-and-457-b...