Question

I check "maximum contribution to Indiv. 401k" and Turbotax then calculates 64500 for me, but when I go through the federal check it says I'm limited to 19500. Why?

I then try 32000 and I get the federal check of 19500 as well. I am over 50 so I at lest get 26000

If you are referring to a SOLO 401K then don't get the employee and the employer's maximum allowed contributions mixed up ... https://www.fool.com/retirement/plans/solo-401k/contribution-limits/

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