I am 63 so should be able to use the Super Catch-up Contribution for my Solo 401K plan and contribute $34,750 in total for 2025 (before profit sharing contributions). Per Turbo Tax (as I am walking thru this section), the maximum I can defer to all my 401K plans is $31,000 and is therefore, lowering my profit sharing contribution too. Why is it not including the Super Catch-up Contribution?
Thank you!
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Your math is correct.
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thank you for the info but it didn't work. My Turbo Tax is up to date (according to it when i try and manually update. Still calculating this incorrectly. It's sort of corrected in that it says my total contribution can be $34,750, but then on the next page it reverts back to $31,000 and also isn't calculating profit sharing correctly.
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