https://ttlc.intuit.com/community/business-taxes/discussion/turbotax-2025-is-still-showing-the-2024-elective-deferral-limit-for-self-employed-401ks/01/3723215#M125757 <P>The "Keogh, SEP and SIMPLE Contribution Worksheet" for 2025 is using the 2024 elective deferral limit. Part III, Line 9 shows the maximum allowable as "not more than $23,000". This should be $23,500 for 2025. $23,000 was the 2024 limit. The Part III, Line 21 maximum deductible contribution is also out by $500 accordingly.&nbsp;Disappointing as these limit is already known at the start of the tax year, and is not last minute information that should need to be finalized. Somehow the Part V number that transfers to Schedule 1, Line 16 includes the additional $500 and appears to give the correct total allowable deduction. So evidently, and thankfully, it is not just adding Part III, Line 21 and Part IV, Line 3 as it states.</P><P>&nbsp;</P><P>Will this inconsistency be fixed by an update? The EasyStep verbiage also references the $23,000 number which adds to the confusion.</P> Sun, 11 Jan 2026 05:11:30 GMT taxontaxoff 2026-01-11T05:11:30Z https://ttlc.intuit.com/community/business-taxes/discussion/turbotax-2025-is-still-showing-the-2024-elective-deferral-limit-for-self-employed-401ks/01/3723215#M125757 <P>The "Keogh, SEP and SIMPLE Contribution Worksheet" for 2025 is using the 2024 elective deferral limit. Part III, Line 9 shows the maximum allowable as "not more than $23,000". This should be $23,500 for 2025. $23,000 was the 2024 limit. The Part III, Line 21 maximum deductible contribution is also out by $500 accordingly.&nbsp;Disappointing as these limit is already known at the start of the tax year, and is not last minute information that should need to be finalized. Somehow the Part V number that transfers to Schedule 1, Line 16 includes the additional $500 and appears to give the correct total allowable deduction. So evidently, and thankfully, it is not just adding Part III, Line 21 and Part IV, Line 3 as it states.</P><P>&nbsp;</P><P>Will this inconsistency be fixed by an update? The EasyStep verbiage also references the $23,000 number which adds to the confusion.</P> Sun, 11 Jan 2026 05:11:30 GMT https://ttlc.intuit.com/community/business-taxes/discussion/turbotax-2025-is-still-showing-the-2024-elective-deferral-limit-for-self-employed-401ks/01/3723215#M125757 taxontaxoff 2026-01-11T05:11:30Z