2715481
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Investments: Stocks, Crypto, & More on July 16! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

rsiy
Level 1

How to report overcontribution to 403b after filing taxes for 2021

I over contributed in 2021.  I had two employers.  Since I did not realize this until after tax deadline, neither plan is allowed to return the excess to me.  How do I go about reporting excess contribution? Detailed help is much appreciated. Thank you!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

How to report overcontribution to 403b after filing taxes for 2021

@rsiy 

your wages will be reduced only by the maximum allowed contribution.

After that there is nothing to do.

rsiy
Level 1

How to report overcontribution to 403b after filing taxes for 2021

Hi fanfare, thanks for responding. Just to clarify, I am talking about last year's taxes, where I got a new job resulting to over contribution. 

 

So you mean to say I don't have to send IRS anything? They will just automatically taxed for the excess?

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question