Retirement contribution limit is wrong in TT Home & Business TY2024

[melrex]

I am getting a head start on 2024 taxes and the program is suggesting I over contributed because the maximum allowed limit is $30,000 (with age 50+ catchup).  The correct maximum limit should be $30,500 ($23,000 + $7,5000.

[VolvoGirl]

They know.  The early program is not updated.  There will be many many updates to come.   They usually update on Thursdays.  If it doesn’t automatically update go up to Online - Check for Updates.  

[hullian]

Yeah, I just posted the same thing before I read your note! It gave me an error message saying my $23,000 elective deferral was $500 over the allowable amount. Of course, that amount was increased from last year. Get with it, Turbotax! Stop living in the past!

[hullian]

If they know (and they should!), then why not fix it BEFORE you post for sale?