Maximum 401(k) contribution limit needs updating

Turbotax 2024 WinPerRelease Version [phone number removed] shows the maximum 401(k) plus catch-up contribution as $30,000. The correct maximum for 2024 is $30,500. The current version indicates that I have made a $500 overpayment, which needs correcting. Please correct this issue with the next update. Thank you.

posted

The download that is released in November is not a final version. There will be many updates in the next two months before it will be ready for 2024 tax preparation. You can still use it to get started. These things will be corrected by tax filing time.