Sole proprietor 401k matching funds

bobs75093 — Thu, 06 Jun 2019 14:32:04 GMT

The federal review is requiring the limit to my 401k contribution to $18000 although I am 55 years old and can go as high as $24k? Why is this happening this year?

If you are explicitly entering amounts, TurboTax requires...

dmertz — Thu, 06 Jun 2019 14:32:05 GMT

If you are explicitly entering amounts, TurboTax requires that you enter your $18,000 regular elective deferral and your $6,000 catch-up elective deferral separately in the corresponding box for each portion. This has remained unchanged in TurboTax for many years.

topic Sole proprietor 401k matching funds in Business & farm

Sole proprietor 401k matching funds

If you are explicitly entering amounts, TurboTax requires...