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Turbo Tax rejected my return. I was allowed to contribute $37000 using 457(b) special “last 3-year catch-up” deferral, 2x the $18500. How do I fix this problem?
Turbo Tax rejected my return. It said that "Gov 457 deferrals - TP $37000 is more than the allowed $24500 for a government 457(b) plan. Please check your entries on your W-2 for government 457(b) plans." I was allowed to contribute $37000 using 457(b) special “last 3-year catch-up” deferral, 2x the normal $18500 contribution. Last year, the catch-up limit was $36000 and Turbo Tax had no issues. This amount appears on my W-2 on line 12a, Code G, $37000. The IRS website clearly says the catch-up provision for 457(b) is still applicable.
This is a serious issue which is preventing me from e-filing my Federal and State returns. How do I fix this problem?
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June 6, 2019
2:11 AM