- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
W2 box 12, DD code causes excess retirement contribution warning
After importing my W2 (which includes box 12a codes C,D,W,AA,DD) Tubrotax notifies me on later screens that I've contributed too much to my retirement accounts. I'm not able to determine what amounts are being summed to come to that conclusion. I believe code DD (Cost of employer-sponsored health coverage) should not be included in the calculation. Can someone confirm?
When I remove the box 12a line containing code DD from my W2 TubroTax does not seem to update and continues to report the same retirement overage amount.
If I delete my W2, reimport my W2, and delete the DD entry in box 12a before exiting the W2 import screen it appears that the retirement overage message no longer appears.
I would like to confirm that it is correct (OK) to delete the box 12a DD entry AND also confirm if TurboTax should be excluding this code entry when determining the total retirement contribution amount.
Or should I ignore the overage warning message and leave the DD code amount on my W2?