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Get your taxes done using TurboTax
@joebair wrote:
I listed it on my W2 entries, Box 12 EE Roth Contribution to 457 (b). IRS Publication states my maximum to be 22,500 pus a 7,500.00 catch up for people over 50, which I am. Turbo tax software kicks it out as a 300.00 over contribution at 7800.00. I talked to a CPA and he tells me I am correct, I will not be able to use Turbo tax to file my taxes.
Thanks
Are you 100% certain that you did not also enter a Roth contribution in the Roth IRA section? That's the only explanation I can think of, because the W-2 interview works correctly for this situation and Turbotax applies the correct limits for qualified workplace plans. Remember that workplace plans should only be entered through your W-2 and never later in the program. A workplace plan is NOT the same thing as an IRA, even though they are similar.