The Gross income is $338708.00
I contributed $16600 in 401k
Now I am using turbotax.
It shows a refund of $28420. This does not change whether I enter in box 12 of W2 nothing or D and $16600
My question is
1. Is there is a maximum income limit after which 401k contributions do not apply.
2. Does turbotax calculate the 401k contribution based upon box 12 entry.
