topic Easy: What date will TT Software allow for Special "Age Based Contributions" to 403(b) and 3 year Catchup to 457(b)??? in Retirement tax questions

Easy: What date will TT Software allow for Special "Age Based Contributions" to 403(b) and 3 year Catchup to 457(b)???

racerock11 — Sun, 02 Feb 2020 16:36:51 GMT

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???

One year ago, TT knew about this and told everyone including me to "simply" print out the tax return and mail it. They indicated that a fix was due out in like May...

What say ye Intuit TT? Should we move on to another application this year?

If I have missed an update, sorry. But yesterday I updated my Deluxe Version again and checked - was still showing an error.

- Would rather eat crow than move to another software application.

Re: Easy: What date will TT Software allow for Special "Age Based Contributions" to 403(b) and 3 ...

JohnB5677 — Wed, 05 Feb 2020 01:15:25 GMT

Unfortunately, from time to time Federal and State FORMs have to be revised and approved. This is a dynamic process and we aggressively pursue it. At this point the target date for almost all forms is 02/12/2020.

Included are LINKs both for the Federal and State FORM status

IRS forms availability table for TurboTax individual (personal) tax products

Select your situation below to locate your 2019 form or schedule.

TurboTax Online/Mobile (web, iOS or Android)
TurboTax CD/Download for Windows
TurboTax CD/Download for Mac

From <Federal FORM availability>

State forms availability table for TurboTax individual (personal) tax products

Select your situation to locate your 2019 form.

TurboTax Online/Mobile (web, iOS or Android)
TurboTax CD/Download for Windows
TurboTax CD/Download for Mac

From <State FORM Availability>

Re: Easy: What date will TT Software allow for Special "Age Based Contributions" to 403(b) and 3 ...

JT81 — Thu, 15 Apr 2021 20:07:39 GMT

Has this issue been resolved yet?

JT81