TT home and business error

[hullian]

Has anyone noticed that in TT Desktop Home and Business 2025, there is an error regarding the maximum allowable 401(k) contribution for those over 50. It still has the 2024 figure, instead of this year’s maximum, which is $31,000. TT, if you’re listening, please make the correction!

[hullian]

I was on the phone for over an hour with a Turbotax CPA yesterday, and she could not figure out the problem and is  "working on it". I have exactly the correct 2025 maximum amounts contributed to my solo 401(k) for people over 50, including $5500 catchup in a Roth 401(k). Turbotax is saying something about how this brings my total above the allowable amount. With all the errors in the area of contribution limits in the software already reported this year, I assume that this is one that they're still working on or even haven't found out about yet. The CPA lady seemed quite frustrated, and she ended up having me send my tax file to her from the desktop so she can work on it. Don't know why they keep having so many software errors.....

[RachelW33]

This issue has been resolved in a software update.  Please make sure your program is updated and try transmitting your return again.  Log into your program and select Online, and then Check for updates in the top menu.  

If after updating this issue still persists, I would like to take a deeper look at this. To do so, I will need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can create one by following the directions below:

1. Open your return
2. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent”
3. This will generate a message that a diagnostic copy will be created.  Click on OK
4. Please post the Token Number  (including the dash) that was generated in the response in this thread

*(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)

[hullian]

Rachel,

There has been no update to my TT Home & Business Desktop software since you sent your message. 

I have sent you a protected copy of my return. The token number is: 79043410-03600040

Thanks - hope you can figure this out... 🙂

[hullian]

Hope you got the token number - I didn't delete any "phone number" from it.

[VolvoGirl]

The forum filter ate part of your token number.  You can post a screenshot of it.   

[hullian]

[VolvoGirl]

Looks like your post with the number got fixed and now shows the full number.   Wonder how that happened?  Weird.

[RachelW33]

Thank you @hullian I have received your diagnostic file.  

Can you please let me know what State returns you have?  I will need to download these states before I can open the file.

[hullian]

VA only. Thanks!